Answer / rakesh gupta

Tax audit is done for valuating of income tax if the
company or partnership firm has turnover exceeds 40 lacs in
one previous year or for profeessional the gross fees
should be more than 10 lacs as per Sec 44AB of income tax
act 1961

Answer / karthikeyan

Tax Audit is done if gross turnover of an assessee exceeds
Rs.60 Lac on a/y 2012-13. this audit should be verified by chated accountant
and issue the tax audit report.

Answer / yana gupta

Tax audit is a audit which is done to check that the company is complying all the statutory requirement relating to taxation , under this audit tds deduction , due date of depositing the tax, tds rates , form issued for deduction of tax etc. are done. A company having turnover more than 40 lacs is covered under this.

Answer / asmita

Tax audit is a audit conducted by an auditor for purpose of auditing tax.....

Answer / lejone mpotjoane

Tax Audit is an independent examinition of the Taxpayer's
Tax returns, books of accounts and records in order to
determine the correct amount of tax to be paid

Answer / monika

In case of company tunover is 40 lac or above Then company
is Liable to audit the account By chated Accountant. In
case of indvidual tunover is 10 lac then is liable to audit
the accounts by chated accountant

Answer / ratan

Tax audit is compulsury for Company have turnover more than
30 Lac, and Individual have turnover more than 10 Lac.

what are the main tools of auditing?

0 Answers   Axis Inspection Solutions, Fidelity, Sri Padma Balaji,

corporate frauds

2 Answers  

debenture comes under which head in tally

2 Answers   Max India, TATA, Tisco,

Should Sales tax filing be done ? If yes , why ? explain.

1 Answers  

I MAKE MIS FOR MY COMPANY. INTERVIEWER ASKED ME WHAT UR ROLL IN MIS. I ASKED HIM,I PREPARE IT AND SEND TO MY MANAGER. BUT HE AGAIN ASKED MY ABOUT MY ROLL IN MIS. WHAT HE WANTED TO KNOW? PLEASE TELL ME

21 Answers   Andromeda, Blue Forgings, CSC, Fortis, Genpact, HGF, NRB Bearings, TCS, Unity Infraprojects, Wipro, Wisdom Hospitality,

I have had a Accounting experience more than 20 year in General Accounting, Traveling & Tourism, and Air lines. Can I change my Job from Accountant to Auditor- Please give me right advise.

3 Answers   Accenture,

What is fictitious assets?

1 Answers   Axcend, Prime CA,

what is the steel consumption per sq ft for ground plus 12 floors

0 Answers  

is there any preference in language can i give my interview in hindi

1 Answers   State Bank Of India SBI,

What should the internal auditor?

0 Answers  

Expand---------BRP

1 Answers  

Classify the following accounts into Personal Account, Real Account & Nominal Account. Questions Answers 1. Furniture Account 2. Salaries Account 3. Outstanding Wages Account 4. National Trading Co. Ltd’s Account 5. Stationery Account 6. Prepaid Insurance Account 7. Capital Account 8. Interest Account 9. Building Account 10. Purchase Account 11. Cash Account 12. Bank Account 13. Sales Account 14. Commission received in Advance Account 15. Discount Account 16. Drawing Account 17. Loan Account 18. Mysore Store’s Account 19. Repairs to Machinery Account 20. Stock Account 21. Investment Account 22. Loose Tools Account 23. Bangalore Sports Club’s Account 24. Loss of Goods by Fire Account 25. Motor Vans Account 26. International Trader’s Account 27. Goodwill Account 28. Depreciation Account 29. Bad Debts Account 30. Bad Debts Recovered Account 31. Bank Overdraft Account 32. Book Debts Account 33. Purchases Returns Account 34. Sales Returns Account 35. Postage Account 36. Charity Account 37. Carriage Account 38. Rent Account 39. National College’s Account 40. Bills receivable Account 41. Bills Payable Account

12 Answers   Bisleri, Income Tax,