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Auuditing

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(Querist)
21 June 2013 Ram is a chartered accountant working as proprietor.His gross receipts are Rs 50 Lakhs
for the year.Which type of audit will necessarily be applicable for him?
(a) Statutory audit
(b) Tax audit
(c) Internal audit
(d) None of the above
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Ganeshbabu K

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Ganeshbabu K (Expert)
21 June 2013 All firms are liable to tax audit only, no other audit will be applicable.

(b) tax audit....as in your case it is professional income

Thanks & regards
Ganesh babu k

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