1. What is Tax audit and statutory audit?
2. What are the differences between tax audit and statutory audit?
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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.
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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