Assessment of company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2011 I have seen one of group company consisting of both Private companies and firms placed their file with one auditor for the purpose of auditing under Income Tax Act .
Is it advisable for a group of companies to put their entire files with one auditor.

please clarify my doubt and give some advise which suits the group companies.

thanks in advance

U S Sharma

U S Sharma (Expert)
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20 August 2011 there is no such binding to distribute files to diff auditors.

getting a common auditor can reduce the manpower as the person dealing will resolve the queries of audits of diff companies in one time.

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