Audit limit
This query is : Resolved
15 April 2015
Please tell me experts when audit applicable in respect of turnover and net profit
15 April 2015
only for internal audit there is limit u/s 138 so are u asking for internal or statutory audit?
19 April 2015
Statutory Audit applicable for all Companies.
Tax Audit applicable u/s 44AB when Turnover is more than Rs 100 Lakh. For Professional when Gross Receipt is more then Rs 25 Lakh.
For Internal Audit Criteria see link given below:
http://taxguru.in/company-law/internal-audit-section-138-companies-act-2013.html
Tax Audit applicable u/s 44AB when Turnover is more than Rs 100 Lakh. For Professional when Gross Receipt is more then Rs 25 Lakh.
For Internal Audit Criteria see link given below:
http://taxguru.in/company-law/internal-audit-section-138-companies-act-2013.html
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