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What is tax audit
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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
| Is This Answer Correct ? | 3 Yes | 2 No |
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.
| Is This Answer Correct ? | 1 Yes | 0 No |
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.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / asmita
Tax audit is a audit conducted by an auditor for purpose of auditing tax.....
| Is This Answer Correct ? | 0 Yes | 3 No |
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
| Is This Answer Correct ? | 4 Yes | 8 No |
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
| Is This Answer Correct ? | 17 Yes | 31 No |
Answer / ratan
Tax audit is compulsury for Company have turnover more than
30 Lac, and Individual have turnover more than 10 Lac.
| Is This Answer Correct ? | 6 Yes | 34 No |
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