Audit limit in numbers for a ca
Querist : Anonymous
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
Querist : Anonymous
Thanks
maximum limit of Company Audit = 30
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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