Question

Difference Between Tax Audit And Statutory Audit

Answer 1

Explanation:

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Statutory Audit is the audit made compulsory by the law. Tax Audit is an audit made compulsory by the Income Tax Act, if the turnover/gross receipts of the assesses reaches the specified limit. Statutory Audit is performed by external auditors whereas tax audit is conducted by a practising Chartered Accountant.

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Answer 2

hi shjffbhDifference Between Tax Audit And Statutory Audit