Can someone be penalized just for attending this session for audit?
No, attending the session does not lead to any penalty. All Authorized Persons (APs) are mandatorily audited once every 2 years as per SEBI guidelines. The selection for audit is based on parameters such as turnover, complaints, and activity levels.
Those invited to attend the session have been shortlisted for audits this year based on these criteria—not because they attended the session. The session is purely for awareness and compliance preparedness.
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Is audit applicable for me?
To check Tax audit is applicable you need to check your turnover, profit percentage of your turnover, and if you have losses. You can also use our: determine tax audit applicability tool. For more information about Tax Audit Applicability Click Here
What documents are required for the audit?
A questionnaire in Word format will be emailed to you. You are required to fill it out, sign it, and send it back along with the following documents: Bank account statements (last 12 months) Demat account statements (last 12 months) The auditor will ...
How many months of bank statements are required for audit?
It is mandatory to provide all bank account statements to the auditors during the audit. Typically, statements for the last 6 months (or as specified by the audit team) should be kept ready and up to date.
How can customer join the Video IPV session?
RM has to guide the customer with below steps to join the call • Mobile Users: Please ensure customer has the ZOHO application downloaded on their mobile from given link before the scheduled meeting • Desktop/Laptop Users: Customer can directly ...
Can I place Cash orders with VTD order validity during the pre-open session?
You can place Cash orders with VTD order validity in all scrips during the pre-open session but only orders in scrips that are pre-open enabled will be sent to exchange during the pre-open session. Orders in all other scrips not enabled for pre-open ...