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Auditing related confusion
Hello, We have Private limited company. Registered in June 2016. Current turnover is 70L As per over orders we might soon reach to 1cr before March 31. So can someone guide me about auditing and what is normal auditing chargers and when should I do the same?
Replies (5)
For a Private limited co. - statutory audit from a CA is compulsory.
Also if your turnover crosses limit of rs 1cr in case of manufacturing or a trading co. - Tax audit is applicable, to be done by a CA.
Also if your turnover crosses limit of rs 1cr in case of manufacturing or a trading co. - Tax audit is applicable, to be done by a CA.
Auditing can start once you have completed preparing your books of accounts after 31 st march.
Due date of filing income tax return/Tax audit is 30th September, 2017.
Due date of filing income tax return/Tax audit is 30th September, 2017.
Fees for Audit is subjective.
As you are a Private Ltd company consult your first auditor who helped u in reg of company
Plz check your pm
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