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Appointment of auditor

This query is : Resolved 

12 January 2016 Dear Sir,
Whether PROPRIETOR also must to Appoint an Auditor.,

Thanks With Regards
Silambarasan Mohanarangam

26 January 2016 It depends on the nature of business, the proprietor is carrying on. In case of business, if the turnover exceeds Rs. 1 crore, tax audit is applicable, in such a case appointment of chartered accountant for conducting tax audit is mandatory.


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