What is the difference b/w Statuory Audit and Tax Audit. If in the case of company having above turnover/purchase of 40 lakh. both Audit report are submited or only Tax Audit submited. What is the role of Directors report in the case of Private Company.
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Tax Audit/ Statuory Audit
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Both R mandatory under different status.One is As per company Act /another is as per Income Tax Act.
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