What is Tax Audit ? Please Explain.
Answer / priyul
Under Income tax Act, 1961, If turnover crosses 60 lakhs of
business organization than it has to make its accounts
audited by Chartered Accountant. Thai is called Tax Audit.
Is This Answer Correct ? | 3 Yes | 1 No |
kanika enterprises follows the written down value method of depreciating machinery year after year due to: 1.comparability 2.convenience 3.consistency 4.all of the above
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