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Difference

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Querist : Anonymous

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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..??
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
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.
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