Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is Tax Audit ? Please Explain.

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is basic general accounting.

1980


what is the relationship between cost accounting financial accounting and managerial accounting?

1047


Have you ever made mis reports and what are they?

1051


Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?

1068


Purchase and sales sahres accounting entry which have stt brokerage and other taxes

4041


Explain compound journal entry.

1039


Write about the media role in daily life

2136


Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.

2015


Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.

2194


How does accounting contribute to the community?

1116


How P/E ratio usefull to the different people?

2176


Tell us depreciation and its types?

1162


what is contribution? how does it help in taking managerial decisions?

1976


what is a state cheque? how it differes from stale cheque?

2481


hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..

2040