Tax audit

is tax audit compulsory for companies

Replies (10)

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

Sir tax audit apllicable when company exceeds turnover limit

Sorry,Typing error, 1 cror.

But for compnies statutory audit compulsory irrespective of turnover
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.
if your t.o. exceeds 1 crore INR than it is liable for tax audit
ok sir. Thank uu
you are most welcome😊
thank you and congratulations
most welcome sir

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