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STATUTORY AUDIT VS TAX AUDIT

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CA
50 Points Posted on 03 September 2022
Hello frnds,

Pls guide is the financial statements like balance sheet and profit and loss accounts are same in tax audit report and statutory audit report ...or they are different...
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On 03 September 2022 at 00:48 Report
Replies (15)
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CFO- at NHTF
58280 Points Posted on 03 September 2022
Only for companies it will vary since company audit depreciation rates are different when compared to tax audit ..Few Deductions are not allowed in income tax like payments without tds, cash payment exceeding 10k per day etc
4 Reply
On 03 September 2022 at 05:48
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Profession Business
28207 Points Posted on 03 September 2022
I do not think it's correct. Applicability of tax audit and companies act are different.
1 Reply
On 03 September 2022 at 07:27
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CFO- at NHTF
58280 Points Posted on 03 September 2022

Everybody knows both are different and that is why she posted the query

4 Reply
On 03 September 2022 at 07:38
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Chartered Accountant
86505 Points Posted on 03 September 2022
Statutory and tax audit are completely different
1 Reply
On 03 September 2022 at 08:08
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CFO- at NHTF
58280 Points Posted on 03 September 2022
But the query different..Many figures will be same in both Audits except few
4 Reply
On 03 September 2022 at 09:53
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Chartered Accountant
86505 Points Posted on 03 September 2022
Yes financial statements are same for both audits
1 Reply
On 03 September 2022 at 12:12
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CFO- at NHTF
58280 Points Posted on 03 September 2022
IT Computation will be covered with tax audit qualifications
2 Reply
On 03 September 2022 at 12:16
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Chartered Accountant
86505 Points Posted on 03 September 2022
Here querist ask only about financial statements and I replied accordingly, let him reply. Why you become guardian of each querist
1 Reply
On 03 September 2022 at 19:51
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CFO- at NHTF
58280 Points Posted on 03 September 2022
Check once who gave correct answer first
1 Reply
On 03 September 2022 at 19:54
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Chartered Accountant
86505 Points Posted on 03 September 2022
Let the other decide, why you become judge of every reply
2 Reply
On 03 September 2022 at 19:57
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CFO- at NHTF
58280 Points Posted on 03 September 2022
You are starting unnecessarily
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On 03 September 2022 at 19:57
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Chartered Accountant
86505 Points Posted on 03 September 2022
So you stop
1 Reply
On 03 September 2022 at 20:00
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CFO- at NHTF
58280 Points Posted on 03 September 2022
Copy paste few hours left
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On 03 September 2022 at 20:01
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Chartered Accountant
86505 Points Posted on 03 September 2022
So you started your game
1 Reply
On 03 September 2022 at 20:04


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