Audit of a properiotership firm

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CA VARTIKA KESHRI (Querist)
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11 September 2013 The turnover is less than 1Cr, but the clients wants to hv tax audit, now my ques is what is the procedure to follow for the tax audit of this prop firm. Is that also required to prepare the auditor's appointment letter & is it also neccessary to send intimation of that to the auditor as we used to do in case of companies.

Nitesh Parmar

Nitesh Parmar (Expert)
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11 September 2013 Yes all procedure are same as we do in case of companies.

CA VARTIKA KESHRI

CA VARTIKA KESHRI (Querist)
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13 September 2013 Thanks for the answer but i'd like to onfirm something more, here in the case of proprietor there is no need to fill 23B, 23AC, 23ACA...is that ok.

Only final accts and tax audit has to be done na?

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