{"id":17250,"date":"2023-08-31T06:14:31","date_gmt":"2023-08-31T06:14:31","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=17250"},"modified":"2024-05-08T10:15:31","modified_gmt":"2024-05-08T10:15:31","slug":"media-house-audit-dates","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/media-house-audit-dates\/","title":{"rendered":"What is the threshold limit of Statutory audit due date for Media House?"},"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=\"117\" height=\"56\" 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: 117px) 100vw, 117px\" \/><span style=\"color: #000000;\"><strong>Media House Audit Dates<\/strong><\/span><\/h2>\n<h2 style=\"text-align: center;\"><span style=\"color: #000000;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.jpg\" alt=\"Media House Audit Dates\" width=\"258\" height=\"171\" \/><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\">Media House Audit Dates,\u00a0The threshold limit of statutory audit due date for a media house is NIL. <\/span><\/p>\n<p><span style=\"color: #000000;\">This means that all media houses, regardless of their turnover or gross receipts, are requir to have their accounts audit by a qualify auditor. <\/span><\/p>\n<p><span style=\"color: #000000;\">The due date for submitting the audit accounts to the Registrar of Companies (ROC) is 30th September of the following year.<\/span><\/p>\n<p><span style=\"color: #000000;\">The Companies Act, 2013 does not specifically mention media houses as a class of companies that are require to have their accounts audit. <\/span><\/p>\n<p><span style=\"color: #000000;\">However, the Act does state that all companies &#8220;whose annual turnover exceeds fifty lakh rupees,<\/span><\/p>\n<p><span style=\"color: #000000;\"> or whose paid-up capital exceeds five lakh rupees&#8221; are require to have their accounts audit.<\/span><\/p>\n<p><span style=\"color: #000000;\"> Since media houses typically have a turnover and paid-up capital that exceeds these limits, they are automatically cover by the media house audit dates requirement.<\/span><\/p>\n<p><span style=\"color: #000000;\">There are a few exceptions to the statutory audit requirement for media houses. <\/span><\/p>\n<p><span style=\"color: #000000;\">For example, a media house that is a small company (with a turnover of less than \u20b9 25 lakhs and a paid-up capital of less than \u20b9 5 lakhs) is not require to have its accounts audit. <\/span><\/p>\n<p><span style=\"color: #000000;\">Additionally, a media house that is a one-person company is also not require to have its accounts audit.<\/span><\/p>\n<p><strong><span style=\"color: #000000;\">For more information visit this site:<\/span>\u00a0<a class=\"in-cell-link\" href=\"https:\/\/www.incometax.gov.in\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.incometax.gov.in<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-13774 alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Tax-Audit-Penalty-300x158.jpg\" alt=\"The penalty and due date of the tax audit report\" width=\"245\" height=\"129\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Tax-Audit-Penalty-300x158.jpg 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Tax-Audit-Penalty.jpg 310w\" sizes=\"auto, (max-width: 245px) 100vw, 245px\" \/><\/p>\n<p><span style=\"color: #000000;\">However, even if a media house audit dates is not require to have its accounts audit by law,<\/span><\/p>\n<p><span style=\"color: #000000;\">It may still be advisable to do so. <\/span><\/p>\n<p><span style=\"color: #000000;\">A statutory audit can help to ensure that the company&#8217;s accounts are accurate.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u00a0And that they are prepared in accordance with the applicable accounting standards. <\/span><\/p>\n<p><span style=\"color: #000000;\">Additionally, a statutory audit can help to identify any potential financial irregularities or fraud.<\/span><\/p>\n<p><span style=\"color: #000000;\">If you are the owner or manager of a media house, you should consult with a qualified accountant to determine,<\/span><\/p>\n<p><span style=\"color: #000000;\"> whether your company is require to have its accounts audit<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #000000;\">For further details access our website:<\/span> <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>Media House Audit Dates &nbsp; Media House Audit Dates,\u00a0The threshold limit of statutory audit due date for a media house is NIL. This means that all media houses, regardless of their turnover or gross receipts, are requir to have their accounts audit by a qualify auditor. The due date for submitting the audit accounts to\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/media-house-audit-dates\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":15745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66],"tags":[3800,3802,3801],"class_list":["post-17250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-audit-assurance","tag-auditdeadlinesmediahouse","tag-mediahouseauditdates","tag-statutoryauditcutoffs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Media House Audit Dates\/ Article\/ VibrantFinserv-<\/title>\n<meta name=\"description\" content=\"Media House Audit Dates,\u00a0The threshold limit of statutory audit due date for a media house is NIL.This means that all media 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