Tax audit

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13 Points Joined July 2018

is tax audit compulsory for companies

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On 23 February 2019 at 10:42 Report
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Accounts Executive
749 Points Joined December 2018

If your turnover is more than 1 Lakh,when you need tax audit

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On 23 February 2019 at 11:26
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36 Points Joined August 2018
Sir tax audit apllicable when company exceeds turnover limit
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On 23 February 2019 at 12:05
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Accounts Executive
749 Points Joined December 2018

Sorry,Typing error, 1 cror.

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On 23 February 2019 at 12:25
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36 Points Joined August 2018
But for compnies statutory audit compulsory irrespective of turnover
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On 23 February 2019 at 12:27
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Accounts Executive
749 Points Joined December 2018
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.
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On 23 February 2019 at 12:46
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CA FINAL ASPIRANT
3115 Points Joined September 2018
if your t.o. exceeds 1 crore INR than it is liable for tax audit
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On 23 February 2019 at 13:19
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13 Points Joined July 2018
ok sir. Thank uu
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On 23 February 2019 at 20:26
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CA FINAL ASPIRANT
3115 Points Joined September 2018
you are most welcome😊
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On 23 February 2019 at 20:46
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7059 Points Joined January 2017
thank you and congratulations
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On 26 February 2019 at 19:42
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CA FINAL ASPIRANT
3115 Points Joined September 2018
most welcome sir
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On 07 March 2019 at 22:37


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