auditing
This query is : Resolved
14 January 2011
when the auditing of a school from C.A. BECOME COMPULSORY. IS THERE ANY INCOME LIMIT.
ie after exceeding such limit it is compulsory to audit the account book school from a C.A.
ie after exceeding such limit it is compulsory to audit the account book school from a C.A.
14 January 2011
It is compulsory when :
1. If 80G certificate has been taken.
2. Its income crosses Rs.1,60,000/-.
For practical purpsoes, it is always advisable to have books of a school audited even if it is not statutorily covered.
1. If 80G certificate has been taken.
2. Its income crosses Rs.1,60,000/-.
For practical purpsoes, it is always advisable to have books of a school audited even if it is not statutorily covered.
14 January 2011
agreed better to opt audit then do it later
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