Statutory Audit compliance
This query is : Resolved
19 October 2021
Whether Statutory audit is compulsory for companies only or other entities like partnership/proprietorship etc. Please guide?/
19 October 2021
Individual/HUF/Partnership Firm: No Statutory Audit Applicable.
LLP: Statutory Audit is Applicable only if turnover in any financial year exceeds Rs. 40 Lakhs or its contribution exceeds Rs. 25 lakhs
Private Limited Company/Public Limited Company: Mandatory irrespective of Turnover, Profit, etc.
LLP: Statutory Audit is Applicable only if turnover in any financial year exceeds Rs. 40 Lakhs or its contribution exceeds Rs. 25 lakhs
Private Limited Company/Public Limited Company: Mandatory irrespective of Turnover, Profit, etc.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tds on GST in connection with sale to public company
- Can we claim ITC in 28%
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Forgot to update debit note in gst
- Can we issue an invoice today
- SALE OF GOODS FROM OTHER STATE
- Sale of Gold ornaments
- SECTION 194T
- Query Regarding Income Tax Rate on Gain from Transfer of Partnership Stake (LLP Partner)
- Conversion of Pvt Ltd Company to a LLP
- Are You Looking For an Easy Academic Help?
- Wrongly goods delivered to other state
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
