Hello frnz...
My query is related with Sec 44AB i.e tax Audit.

I want to know that if the assessee has gross receipts of more than Rs. 40 lacs from the agriculture dealing; whether he will be liable for tax audit or not?


As agriculture income is exempted from tax.

Can the statutory auditor of a company be the internal auditor of the same company?

THERE IS A LIMIT OF 45 TAX AUDIT U/S 44AB.

QUERRY :- WHAT IS THE CHECK ON CA FOR DOING THE TAX AUDIT ? WHETHER IT IS POSSIBLE IN FUTURE, WHEN E FILING IS MANDATORY FOR THOSE WHO COVERED U/S 44AB, TO CHECK THE NUMBER OF AUDITS DONE BY A CA.

Sir,

What are the related services?

When does related service engagement arises without an Audit engagement? and provide me some practical situation or examples for the same.

Thanks in advance!

Is there any restrictions on holding audits under Section 44 AB of the Income Tax Act, 1960 ?

Is it clash with the number of company audits, under the Companies Act, 1956.

Pls assume the case may be for an individual practising Chartered Accountant.....

What is " SELF AUDIT "? I think it is most popular in Bank / Branches

Suppose firm named ABC (partnership firm)
has following palses of bussiness
1)Ahmedabad (H.O.)
2)Vadodara (Branch)
3)Bihar(Branch)
4)Jaipur(Branch)
then for the purpose of tax and other statutory audit how the audit will be conducted.i.e.Seperate audit for seperate branch and H.O. as per the criteria specified (like turnover) in the Act or we go by cosolidation of all the accounts and conduct audit only of H.O.

What would be the situation in case of company.(i.e. statutory audit under the Companies Act,1956.

What is the main approach to the internal audit.What care must be taken in case of the internal Audit.

In what circumtanses the bank is requiered to get it's accounts audited and under what stutute i.e. under the companies Act. or Banking Regulation Act. or R.B.I. Rule.
( Provided bank is a)Partnership firm
b)Company (Indian)
c)Company (Foreign)

1) Suppose person carried on more than one business then whether turnover from all this bussiness should be calculated seperately or otherwise.

2) Suppose Person engage himself in both i.e. a) carried on bussiness
b) Profession
then what would be for tax audit Criteria.
i.e. whether seperately or otherwise.

Please support your answer.