Difference
This query is : Resolved
06 December 2014
what is the difference between tax audit and statutory audit??? and wht we have to do it??? please explain me on above???
07 December 2014
Tax Audit is required under Income Tax Act 1961. Statutory Audit is required under Companies Act 2013. Statutory Audit is mandatory for all Companies. Tax Audit is required for all Companies having turnover in excess of Rs 100 Lacs.
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