FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Audit Requirements and Due date for getting records audited

Audit Requirements and Due date for getting records audited

Audit Requirements

Audit of accounts is compulsory by a Chartered Accountant for the following persons

Tax PayerCompulsory Audit required when
A person carrying on BusinessIf total sales, turnover or gross receipts are more than Rs. 1 crore
A person carrying on ProfessionIf gross receipts are more than Rs. 25 lakhs
A person covered under presumptive income scheme section 44ADIf income of the business is lower than the presumptive income calculated as per Section 44AD and the person’s total income is more than the minimum income which is exempt from tax.
A person covered under presumptive income scheme section 44AEIf income of the business is lower than the presumptive income calculated as per Section 44AE.

Due date for getting records audited and submission of audit report

TaxpayerAudit FormStatement FormDue date for AuditDue date for submission of report
A person carrying on business or profession who is compulsorily required to get audited.Form 3CAForm 3CDSeptember 30 of the assessment yearSeptember 30 of the assessment year
A person other than those listed aboveForm 3CBForm 3CDSeptember 30 of the assessment yearSeptember 30 of the assessment year

The deadline for audit and submission of report is November 30 in case of international or specified domestic transactions.

Audit Requirements and Due date for getting records audited

CAKARt

CAKART

At CAKART www.cakart.in you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit www.cakart.in and chat with our counsellors any time. We are happy to help you make successful in your exams.

Click here to download FREE CA CS CMA books.

Leave a comment

Your email address will not be published. Required fields are marked *