Statutory audit v/s tax audit | Difference | Importance | Advantages/Disadvantages

Solidsurface15 Jan, 2020Business

The Statutory Auditor in India checks all the disclosures, as well as compliances, are made as per the Companies Act. However, the Tax Audit is to check the income, expenses and related transactions to know whether all the taxes are calculated fairly or not and the authenticity of the disclosure.

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