is tax audit compulsory for companies
10 Replies
Aman Kumar
(Accounts Executive)
(744 Points)
Replied 23 February 2019
If your turnover is more than 1 Lakh,when you need tax audit
CA ABDULQADIR goodwill
(36 Points)
Replied 23 February 2019
Sir tax audit apllicable when company exceeds turnover limit
CA ABDULQADIR goodwill
(36 Points)
Replied 23 February 2019
But for compnies statutory audit compulsory irrespective of turnover
Aman Kumar
(Accounts Executive)
(744 Points)
Replied 23 February 2019
yes.stautoty audit compulsory for company.
But tax audit is an audit made compulsory by the income tax Act,if the turnover/gross receipts of the assessee reaches the specified limit.
But tax audit is an audit made compulsory by the income tax Act,if the turnover/gross receipts of the assessee reaches the specified limit.
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 23 February 2019
if your t.o. exceeds 1 crore INR than it is liable for tax audit
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 23 February 2019
you are most welcome😊
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