Tax Audit Report for Hotel Tax Audit Report for Hotel, For businesses in the Lodging–Hotels, Motels, and Resorts sector, it’s crucial to be aware of the threshold limit and due date for tax audit reports: 1. Threshold Limit: The threshold limit triggering a tax audit for Lodging–Hotels, Motels, and Resorts stands at ₹1 crore. In… Read More »
Hotel Audit threshold Limit Hotel Audit threshold Limit, The stipulated deadline for the statutory audit in the Lodging–Hotels, Motels, and Resorts sector is contingent upon the annual turnover. If the turnover surpasses INR 5 crores, a mandatory audit by a chartered accountant is imperative. The audit dossier must be lodged with the Registrar of… Read More »
Tax Audit for Restaurants and Hotels The threshold limit and due date of tax audit report for restaurants or hotels depends on the annual turnover of the establishment: 1. If the annual turnover is less than Rs. 1 crore, the threshold limit is Rs. 5 lakh. The due date for filing the tax audit… Read More »