WHAT IS DIFFERENCE BETWEEN TAX AUDIT AND STATUTORY AUDIT?
- 2 Answers
- 25748 Views
- I also Faced
- E-Mail Answers
Answer Posted / harsh vardhan pandey
Audit under any statute is called statutory audit. companies act 1956 and income tax act 1961 both are statutes. hence tax audit is also a kind of statutory audit likewise the audit under companies act. but in practice generally we calls audit under income tax act 1961(section 44AB) as a tax audit...however it may also be called a STATUTORY AUDIT... Please carry on this coversation....
| Is This Answer Correct ? | 23 Yes | 10 No |
Post New Answer View All Answers
i want question papers audit staff selection examination
Explain different functions of internal audit?
What is the purpose of meeting in audit?
what are the main tools of auditing?
what is the steel consumption per sq ft for ground plus 12 floors
THIS QUESTION IS RELATED TO PAY ROLLS IF ANY BODY HAS THE FORMULAES IN EXCEL ABOUT PAYROLLS CALUCULATIONS PLS HELP ME OUT
Why does a systems auditor need to use professional judgement when selecting audit procedures?
What is the mean of internal audit?
whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.
What is non statutory audit?
Do you know the different types of audits?
Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.
what is the accounting treatment on Putoption over own shares.?
What is external audit?
What is statutory audit?
