Audit on proprietory concern
This query is : Resolved
08 April 2011
I have a proprietory concern providing service my gross receipts for the Fin Year 2010-2011 are Rs.48 lacs The books of accounts shows net loss. I want to know do I need to get my books of accounts audited.
As per my knowledge The Audit limit is 60 lakhs.
Thanks
As per my knowledge The Audit limit is 60 lakhs.
Thanks
16 May 2011
yes in case of loss you have to get your accounts audited.
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