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44 AB Audit

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(Querist)
22 March 2008 Is there any restrictions on holding audits under Section 44 AB of the Income Tax Act, 1960 ?

Is it clash with the number of company audits, under the Companies Act, 1956.

Pls assume the case may be for an individual practising Chartered Accountant.....
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Jitender

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Jitender (Expert)
22 March 2008 it is different from given in co.law
it is 50
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R.V.RAO

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R.V.RAO (Expert)
22 March 2008 ICAI INCREASED THE LIMIT OF TAX AUDITS FROM 30 TO 45 PER IND. CA OR PARTNER IN A FIRM.
COMPANY 'S ACT DOES NOT TALK ABOUT TAX AUDIT LIMIT.
R.V.RAO
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