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Tax audit

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(Querist)
04 September 2013 what is benefit of tax audit for owner ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
04 September 2013 Tax audit is requirement as per tax acts. owner can know about the compliance of tax applicability, payment, returns as per the provision of act.
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Vinod

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Vinod (Querist)
04 September 2013 Sir , their no any benefit under any scheme if assesses conduct tax audit.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
04 September 2013 incase while applying loans to the bank or financial institution, they will ask the Tax audit reports, before sanction of the loan
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Ganeshbabu K

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Ganeshbabu K (Expert)
04 September 2013 Yes, it is not benifit,,it is mandate as per law for specified class of assesses
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Vinod

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Vinod (Querist)
04 September 2013 ok thanks sir
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