{"id":13880,"date":"2023-08-29T07:10:10","date_gmt":"2023-08-29T07:10:10","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=13880"},"modified":"2024-05-02T09:17:06","modified_gmt":"2024-05-02T09:17:06","slug":"statutory-audit-limit-for-computer","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/statutory-audit-limit-for-computer\/","title":{"rendered":"What are the threshold limit of statutory audit for Computer Sales &#038; Services?"},"content":{"rendered":"<h2 style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18 alignleft\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"95\" height=\"45\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 95px) 100vw, 95px\" \/>Statutory Audit Limit for Computer<\/h2>\n<h2 style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-15864 size-full\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/26.1-1.jpg\" alt=\"Threshold Limit of Statutory Audit for Computer\" width=\"279\" height=\"180\" \/><\/h2>\n<p>&nbsp;<\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The threshold limit of statutory audit for Computer Sales &amp; Services companies is Rs. 10 crores in terms of turnover for the financial year 2023-2024. This is according to the Companies Act, 2013.\\r\\n\\r\\nHowever, there are some exceptions to this rule. For example, a Computer Sales &amp; Services company is not required to have a statutory audit if:\\r\\n\\r\\nIt is a start-up company and has not yet completed its three financial years of operation.\\r\\nIt is a subsidiary of a company that is already subject to a statutory audit.\\r\\nIt is a company that is engaged in the business of developing, designing, or maintaining computer software.\\r\\nIf you are unsure whether your Computer Sales &amp; Services company is required to have a statutory audit, you should consult with a chartered accountant.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\">The threshold limit of statutory audit for Computer Sales &amp; Services companies is Rs. 10 crores in terms of turnover for the financial year 2023-2024. This is according to the Companies Act, 2013.<\/span><\/p>\n<p>However, there are some exceptions to this rule.<\/p>\n<p><strong>For example, a Computer Sales &amp; Services company does not need to have a statutory audit if:<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>\u25d8 It is a start-up company and has not yet completed its three financial years of operation.<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>\u25d8 A company that is already subject to a statutory audit owns it as a subsidiary.<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>\u25d8 The company engages in the business of developing, designing, or maintaining computer software.<\/strong><\/p>\n<p style=\"padding-left: 40px;\"><strong>\u25d8 If you are unsure whether your Computer Sales &amp; Services company is required to have a statutory audit, you should consult with a chartered accountant.<\/strong><\/p>\n<p><strong>To visit: <a class=\"in-cell-link\" href=\"https:\/\/www.mca.gov.in\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.mca.gov.in\/<\/a><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13468 aligncenter\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Statutory-Audits-for-Content-Creators.jpg\" alt=\"Comparative Auditing\" width=\"259\" height=\"194\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>For further details access our website: <a class=\"in-cell-link\" href=\"https:\/\/vibrantfinserv.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/vibrantfinserv.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Statutory Audit Limit for Computer &nbsp; The threshold limit of statutory audit for Computer Sales &amp; Services companies is Rs. 10 crores in terms of turnover for the financial year 2023-2024. This is according to the Companies Act, 2013. However, there are some exceptions to this rule. For example, a Computer Sales &amp; Services company\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/statutory-audit-limit-for-computer\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":15864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2459,2540],"tags":[2919],"class_list":["post-13880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-statutory-audit","category-tax-audit","tag-auditthresholdstech-serviceauditlimits-computingauditcriteria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Statutory Audit Limit for Computer\/ VibrantFinserv<\/title>\n<meta name=\"description\" content=\"The threshold limit of statutory audit for Computer Sales &amp; Services companies is Rs. 10 crores in terms of turnover for the financial year-\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vibrantfinserv.com\/kb\/statutory-audit-limit-for-computer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Statutory Audit Limit for Computer\/ VibrantFinserv\" \/>\n<meta property=\"og:description\" content=\"The threshold limit of statutory audit for Computer Sales &amp; 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