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Auditing related confusion

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6 Points Posted on 12 February 2017
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?
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On 12 February 2017 at 12:06 Report
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CA Practice
3577 Points Posted on 12 February 2017
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.
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On 12 February 2017 at 12:36
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CA Practice
3577 Points Posted on 12 February 2017
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.
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On 12 February 2017 at 12:39
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CA Practice
3577 Points Posted on 12 February 2017
Fees for Audit is subjective.
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On 12 February 2017 at 12:39
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student
5205 Points Posted on 12 February 2017

As you are a Private Ltd company consult your first auditor who helped u in reg of company

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On 12 February 2017 at 18:32
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CA Practice
3577 Points Posted on 15 February 2017
Plz check your pm
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On 15 February 2017 at 12:41


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