{"id":15579,"date":"2023-08-29T06:12:10","date_gmt":"2023-08-29T06:12:10","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=15579"},"modified":"2024-05-03T09:56:34","modified_gmt":"2024-05-03T09:56:34","slug":"statutory-audit-dedline-for-school","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/statutory-audit-dedline-for-school\/","title":{"rendered":"What is the threshold limit of Statutory audit due date for School, Colleges, Universities, Professional Schools?"},"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=\"96\" height=\"46\" 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: 96px) 100vw, 96px\" \/>Statutory audit dedline for School<img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/34.1.jpg\" alt=\"Statutory audit dedline for School\" width=\"203\" height=\"135\" \/><\/h2>\n<p>&nbsp;<\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The threshold limit for the statutory audit due date varies for different entities in India, including schools, colleges, universities, and professional schools. If an entity's total gross receipts or turnover exceeds \u20b91 crore in a financial year, they are required to undergo a statutory audit. This means that if a school, college, university, or professional school has gross receipts or turnover exceeding \u20b91 crore, they must conduct a statutory audit.\\r\\n\\r\\nThe due date for filing the income tax return, along with the audited financial statements, is typically on or before the 30th of September of the assessment year. Therefore, if your financial year ends on March 31st, the statutory audit should be completed, and the income tax return should be filed with audited financial statements by the 30th of September of every assessment year.\\r\\n\\r\\nPlease note that tax laws and regulations are subject to change, and it's important to consult the latest guidelines and information from the relevant authorities to ensure accurate compliance.&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 for statutory audit dedline for School different entities in India, including schools, colleges, universities and professional schools. <\/span><\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The threshold limit for the statutory audit due date varies for different entities in India, including schools, colleges, universities, and professional schools. If an entity's total gross receipts or turnover exceeds \u20b91 crore in a financial year, they are required to undergo a statutory audit. This means that if a school, college, university, or professional school has gross receipts or turnover exceeding \u20b91 crore, they must conduct a statutory audit.\\r\\n\\r\\nThe due date for filing the income tax return, along with the audited financial statements, is typically on or before the 30th of September of the assessment year. Therefore, if your financial year ends on March 31st, the statutory audit should be completed, and the income tax return should be filed with audited financial statements by the 30th of September of every assessment year.\\r\\n\\r\\nPlease note that tax laws and regulations are subject to change, and it's important to consult the latest guidelines and information from the relevant authorities to ensure accurate compliance.&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}\">If an entity&#8217;s total gross receipts or turnover exceeds \u20b91 crore in a financial year, they required to undergo a statutory audit. <\/span><\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The threshold limit for the statutory audit due date varies for different entities in India, including schools, colleges, universities, and professional schools. If an entity's total gross receipts or turnover exceeds \u20b91 crore in a financial year, they are required to undergo a statutory audit. This means that if a school, college, university, or professional school has gross receipts or turnover exceeding \u20b91 crore, they must conduct a statutory audit.\\r\\n\\r\\nThe due date for filing the income tax return, along with the audited financial statements, is typically on or before the 30th of September of the assessment year. Therefore, if your financial year ends on March 31st, the statutory audit should be completed, and the income tax return should be filed with audited financial statements by the 30th of September of every assessment year.\\r\\n\\r\\nPlease note that tax laws and regulations are subject to change, and it's important to consult the latest guidelines and information from the relevant authorities to ensure accurate compliance.&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}\">This means that if a school, college, university, or professional school has gross receipts or turnover exceeding \u20b91 crore, they must conduct a statutory audit.<\/span><\/p>\n<p>The due date for filing the income tax return, along with the audited financial statements, is typically on or before the 30th of September of the assessment year.<\/p>\n<p>Therefore, if your financial year ends on March 31st, the statutory audit should complete and the income tax return should file with audit financial statements by the 30th of September of every assessment year.<\/p>\n<p>Please note that tax laws and regulations are subject to change and it&#8217;s important to consult the latest guidelines and information from the relevant authorities to ensure accurate compliance.<\/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>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-15698 aligncenter\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/3.10-itr-1-300x200.jpg\" alt=\"\" width=\"212\" height=\"141\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/3.10-itr-1-300x200.jpg 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/3.10-itr-1.jpg 645w\" sizes=\"auto, (max-width: 212px) 100vw, 212px\" \/><\/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 dedline for School &nbsp; The threshold limit for statutory audit dedline for School different entities in India, including schools, colleges, universities and professional schools. If an entity&#8217;s total gross receipts or turnover exceeds \u20b91 crore in a financial year, they required to undergo a statutory audit. This means that if a school, college,\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/statutory-audit-dedline-for-school\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":15390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2459],"tags":[2587,2311,3247],"class_list":["post-15579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-statutory-audit","tag-duedate","tag-statutoryaudit","tag-thresholdlimit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Statutory audit dedline for School\/ Article\/ VibrantFinserv<\/title>\n<meta name=\"description\" content=\"The threshold limit for statutory audit dedline for School different entities in India, including schools, colleges, universities, -\" \/>\n<meta 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