audit celing
This query is : Resolved
05 May 2008
what is th no. of Co. audits a CA can pursue under Cos. Act?
and what is the over all limit of audits under ICAI guidelines?
is it 30 or 45??
me fultoo confused
plz elaborate
thnxz
and what is the over all limit of audits under ICAI guidelines?
is it 30 or 45??
me fultoo confused
plz elaborate
thnxz
05 May 2008
for tax audit under the income tax act is 45
05 May 2008
thnx for response sir
n is thr any limit for 30 co audits also
n is thr any limit for 30 co audits also
05 May 2008
The ceiling limit [u/s 224(1B)of Companies Act] of company audit for a chartered accountant is 20. Provided, not more than 10 companies under audit have paid up capital of Rs. 25,00,000 or more.
This 20 audit limit does not include:
- Branch Audit
- Private Company Audit
- Special Audit
- Foriegn Company Audit
- Audit of Corporation &
- Guarantee Company.
However the overall audit limit inclusive of Private company is 30.
If a CA holds more than 30 company audits, he will be guilty of professional misconduct.
This 20 audit limit does not include:
- Branch Audit
- Private Company Audit
- Special Audit
- Foriegn Company Audit
- Audit of Corporation &
- Guarantee Company.
However the overall audit limit inclusive of Private company is 30.
If a CA holds more than 30 company audits, he will be guilty of professional misconduct.
05 May 2008
thnx mam
one thing still creepink k u said over all limit is off 30 company audits inclusive of pvt. cos.
but than what is that limit of 45 tax audits?
does that ceiling of 45 will include 30 comapany audits also?
one thing still creepink k u said over all limit is off 30 company audits inclusive of pvt. cos.
but than what is that limit of 45 tax audits?
does that ceiling of 45 will include 30 comapany audits also?
21 June 2008
overall audit limit inclusive of Private company is 30
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Capital gain on sale and purchase of plot
- Bank details not Visible on Traces Portal
- Journal entry of busniess expenses
- NRI starting business in India
- Form 140 tds
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Eway bill not cancelled within 24 hous what can be due
- TDS Deducted AY-2013-14 Not Reflected in 26as
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
