Audit limit in numbers for a ca

This query is : Resolved

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)
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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)
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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)
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18 September 2011 no limit for other audits.

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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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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