Audit book inquiry - urgent

Laxman Chavan (Student) (129 Points)

09 August 2011

Can any bady tell me that Surbhi Bansal PCC/IPCC Audit book is sufficient fro Study.

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tony matthew (CA in Practice) (611 Points)
Replied 09 August 2011

Yes........

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dev (Accountant) (55 Points)
Replied 09 August 2011

if our total turnover is rs. less than 60 lacs in f.y 2010-11

than audit is compulsorry or not

please advised me

Regards

dev

Meenakshi . S (AUDIT ASSISTANT) (191 Points)
Replied 09 August 2011

Audit is compulsary only if the turnouver excees 60lacs.

This comes under tax audit.

The last date of filing of return is 30th September.

dev (Accountant) (55 Points)
Replied 09 August 2011

Originally posted by : Meenakshi . S
	Audit is compulsary only if the turnouver excees 60lacs. This comes under tax audit. The last date of filing of return is 30th September.

Thanks for advise

please if our profit % less than 8 % than audit is compulsory or not

(Guest)

If Net Profit is less than 8% of the turnover, then audit u/s 44AB is compulsory

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