What is tax audit

Answer Posted / mukesh kumar

Every person who has turnover above 40 lacs is foll under
audit compulsury . This is the tax audit .
In tax audit every transaction is checked carefuly
relating tax and or that transaction comes under any Act.

Is This Answer Correct ?    346 Yes 107 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.

1018


i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details

1077


Would you consider alternative vacancies if so which:

4007


What is CARO 2003? What do you mean by management audit?

996


Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?

1534






Should the duty of creating a purchase order be segregated from the duty of creating a vendor?

1753


What is the purpose of meeting in audit?

723


What is caro 2004?

714


Why you want to be a auditor?

624


what is the difference you can make by doing your course in the country of your choice

1746


what is the reason for controls in an IS environment?

1610


please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U

1927


Explain the difference between internal audit and external audit?

727


What is external audit?

740


Explain how to do an internal audit effectively?

682