Auuditing
This query is : Resolved
Kumar Utsav
(Querist)
21 June 2013
Ram is a chartered accountant working as proprietor.His gross receipts are Rs 50 Lakhs
for the year.Which type of audit will necessarily be applicable for him?
(a) Statutory audit
(b) Tax audit
(c) Internal audit
(d) None of the above
for the year.Which type of audit will necessarily be applicable for him?
(a) Statutory audit
(b) Tax audit
(c) Internal audit
(d) None of the above
Ganeshbabu K
(Expert)
21 June 2013
All firms are liable to tax audit only, no other audit will be applicable.
(b) tax audit....as in your case it is professional income
Thanks & regards
Ganesh babu k
(b) tax audit....as in your case it is professional income
Thanks & regards
Ganesh babu k
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