Ceiling no.of tax audit for a chartered accountant
This query is : Resolved
ANKUR SINGH
(Querist)
12 June 2013
A chartered accountant conduct the tax audit for a firm which have not more than 1 crore turn over. This type of audit consider for ceiling of 45 Audit.
CA Kapil Verma
(Expert)
12 June 2013
No, ceiling of 45 audit is for sec 44AB only
12 June 2013
Provided also that the audits conducted under Section 44AD, 44AE and
44AF of the Income Tax Act, 1961 shall not be taken into account for the purpose
of reckoning the “specified number of tax audit assignments.
Courtesy:- ICAI Council General Guidelines,2008.
44AF of the Income Tax Act, 1961 shall not be taken into account for the purpose
of reckoning the “specified number of tax audit assignments.
Courtesy:- ICAI Council General Guidelines,2008.
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