Tax Audit vs. Statutory Audit

Stat Audit 2523 views 4 replies

Can any one explain the differecne the work of Tax Auditor or Statutory Auditor.

Thanks in Advance. 

 

Thaks & Regards 

Pramod 

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register