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06 September 2008 what is SLR and CRR of Banks? whether Tax audit is applicable for all organisations?
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Jitender (Expert)
06 September 2008 slr = statutory liquidity ratio.
crr-cash reserve ratio.i.e cash to be maintained by a bank with rbi.
tax audit is compulsory when turnover exceeds 40 lac or 10 lac for specified profession.
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