Tax Audit and Statutory Audit

1. What is Tax audit and statutory audit?

2. What are the differences between tax audit and statutory audit?
Replies (1)
Tax Audit is audit under Income tax (44AB) for persons having turnover or Income exceeding ₹1 crores.

Statutory audit is an Audit conducted because of some statute/Act like Audit of Companies under companies act.


For details you can google it. you'll find.

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