Difference
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2013
hello,
Can anyone please tell me what is the difference between tax audit and statutory audit in practical life..??
Can anyone please tell me what is the difference between tax audit and statutory audit in practical life..??
12 August 2013
Tax audit is in relation to taxation aspect under income tax act as per the law and provisions mentioned therein.
Statutory audit is mandatory under statue governing the entity like companies act, banking act, insurance act etc.
Statutory audit is mandatory under statue governing the entity like companies act, banking act, insurance act etc.
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