audit ceiling


This query is : Resolved 

05 May 2008 is thr any ceiling of 30 TOTAL audits by the ICAI? or that has been enhanced to 45?
and where as the cos. act says of 20 co. audits in which not more than 10 be of co. having a capital of 25 lacs.?
plz elaborate

05 May 2008 boss
plz
koi to reply karo

06 May 2008 in icome tax tax audit maximum limit is 45 but in co. act the limit is 20 but this is exclude whose authrised capital is less than 25 lakhs so if you have pub.ltd.co.& pvt.ltd co. the ceiling limit is as per co. act
in income tax there is no.bifurcation ind/partnership/pvt ltd/pub.ltd/huf/aop so on

06 May 2008 ok sir
got it
thnz a lot


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