Statutory audit for Furniture and Appliances The prescribed deadline of due date for the Statutory audit for Furniture and Appliances of Traders & Stores is ₹1 crore. This signifies that Furniture and Appliances Traders or Stores, generating an annual turnover exceeding ₹1 crore, are obligate to undergo an audit of their accounts conducted by… Read More »
Due Date of Tax Audit for Real Estate Due Date of Tax Audit for Real Estate, The threshold limit for tax audit for real estate agents is Rs. 10 crore in the financial year 2022-23 (assessment year 2023-24). If the cash transactions do not exceed 5% of the total transactions. This is an increase from… Read More »
Statutory Audit Limit for Stores Indeed, there is Statutory Audit Limit for Stores and traders. The specific limits vary depending on the jurisdiction, but they typically involve a combination of turnover and asset size. For example, in India, a trader or store with a turnover of more than INR 25 crores (approximately USD 3.3… Read More »
Threshold Limit of Statutory Audit for Traders and Stores Indeed, there are Threshold limit of statutory audit for Traders and Stores. The specific limits vary depending on the jurisdiction, but they typically involve a combination of turnover and asset size. For example, in India, a trader or store with a turnover of more than INR… Read More »
When LLP is required to audit The requirement for LLPs to undergo an audit varies based on the jurisdiction and the specific regulations in place. Here are some general guidelines regarding when an LLP may be required to undergo an audit: Size Criteria: In many jurisdictions, LLPs are required to undergo an audit… Read More »
