Audit limit in numbers for a ca

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Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2011 Dear Sir

please inform me limit of audits for current Assessment/financial year

a) Tax Audit
b) Company Audit
c) society audit
d) any other audits

Thanks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

18 September 2011 All the audit limits are related to Financial year only. not relate to assessment year

Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2011 Sir, I am asking limits in numbers that means how much audits a ca can done. please give me limits as per requirement.
Thanks

CA Ravi Sisodia

CA Ravi Sisodia (Expert)

18 September 2011 maximum limit of tax audits = 45

maximum limit of Company Audit = 30

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CA Ravi Sisodia

CA Ravi Sisodia (Expert)

18 September 2011 no limit for other audits.

CA Ayush Agarwal

CA Ayush Agarwal (Expert)

18 September 2011 Tax Audit - 45

Stat Audit :

Co Act Says -

(a) in the case of a person or firm holding appointment as auditor of a number of companies each of which has a paid-up share capital of less than rupees twenty-five lakh, twenty such companies;

(b) in any other case twenty companies, out of which not more than ten shall be companies each of which has a paid-up share capital of rupees twenty-five lakh or more.

ICAI Also Said That
Private Companies also included in Above Limit But Co act Given Exemption DFor it.

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