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Audit

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(Querist)
03 November 2010 what is difference betn statutory Audit, Tax Audit & Bank Audit
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sudhakar ca cwa

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sudhakar ca cwa (Expert)
03 November 2010 Statutory audit as per companies act and applicable to companies. Here we need to check Sec.224 and caro

Tax audit as per Income tax act, it is applicable based on turnover. here main thing is FORM 3CD

Bank audit is a separate thing it includes tax audit, statutory audit and other points covered by Banking Regulation Act.
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