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Statutory audit

Aashish Agarwal (2 Points)

14 June 2020

Difference Between Tax audit & Statutory audit ?

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4 Replies

sharif ahmed (ggggggg) (134 Points)
Replied 14 June 2020

Statutory Audit Means Audit under any other law except Income Tax law

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Rinkesh Acharya (STUDENT WORKING IN A CA FIRM) (24 Points)
Replied 14 June 2020

Statutory audit is nothing but a annual audit which a Company Form of organisation has to do at the end of every financial year under companies Act.
but at the same time tax audit means audit under income tax Act if a company or a person needed that .

KRISSHNAN KP (4215 Points)
Replied 15 June 2020

Statutory audit relates to corporate and bank tax audit is remaining other under section 44AB

David (article Assistant) (1639 Points)
Replied 21 June 2020

Tax audit is compliance with income tax... Statutory audit is compliance with other statutory laws

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