Statutory audit & tax audit
This query is : Resolved
chandan kumar
(Querist)
19 December 2012
Hi Friends,
I want to know is it mandatory for every company to conduct Statutory Audit and for every company having turnover exceeding Rs 60 lacs to have tax audit
and what are the Auditor's reports under both audit
I want to know is it mandatory for every company to conduct Statutory Audit and for every company having turnover exceeding Rs 60 lacs to have tax audit
and what are the Auditor's reports under both audit
19 December 2012
Statutory audit of every company is mandatory vide section 224(1) of the Companoes Act, 1956.
Tax audit of the company is mandatory in case the turnover exceeds Rs 60 lacs.
Tax audit of the company is mandatory in case the turnover exceeds Rs 60 lacs.
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