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Audit limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2012 Dear All Expert,

Pls tell me new limit of company audit and tax audit,which turnover company is responsible for com. audit and tax audit?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
30 July 2012 From AY 2013-14 onwards:

Business Rs 1 Crore
Profession Rs 25 Lacs

For AY 2012-13

Business Rs 60 lacs
Profession Rs 15 Lacs
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
30 July 2012 For tax audit AY 13-14 1 crore for business

for company audit- its not depend on turnover of company, its compulsory.
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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2012 Thanking You

Priyank
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