Can any one explain the differecne the work of Tax Auditor or Statutory Auditor.
Thanks in Advance.
Thaks & Regards
Pramod
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Tax Audit vs. Statutory Audit
Replies (4)
Tax audit for those who have annual sales more than Rs. 40,00,000/-
and
Statutory audit is must for all companies
Tax Auditor does audit as per Income Tax Act 1962.
Whereas Statutory Auditor does audit as per Companies Act, 1962 and Statutory auditor is appointed under section 224 of Companies Act.
Mukesh is Right
rajeev is right.
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