celling limit for audit

02 July 2008

i want to know that is there any amendment in celling limit of audit(No of companies) if amended than how much

Kanhaiya (Querist)
02 July 2008

CA. Gurdeep Singh Chawla (Expert)
02 July 2008
No amendment

CA Anand Sarda (Expert)
02 July 2008
No Amendment

Maximum 20 Public companies ( not more than 10 companies having paid up capital 25 lakhs) Excluding Private companies, Sec25 companies, and Branch audits

Amit Bajaj (Expert)
03 July 2008
No amendments

As per ICAI 40 audits all put togather

CA Anand Sarda (Expert)
04 July 2008
As per ICAI, overall 30 audits including private company audits. and not 40

Rajendra S Bhati Mumbai (Expert)
24 August 2009
40 is tax audit

Aditya Maheshwari (Expert)
23 October 2009
45 is tax audit

CA Devanshi Gandhi (Ajani) (Expert)
21 June 2010
45 tax audits

CA. Anoop Gadia (Expert)
24 July 2010
in that you also repeated

so what is this

45 is tax audit limit

but there is que. on audit of company

Aditya Maheshwari (Expert)
24 July 2010
There was a wrong answer given for tax audit and the same is corrected and no repition is there in this.

You could check the answer itself.

ANd repitition is by devanshi repiting after 8 months..

CMA. CS. Sanjay Gupta (Expert)
24 July 2010
Agree with Aditya ji.
He rightly corrected. But dont understand reply of Anoop ji.

Aditya Maheshwari (Expert)
24 July 2010
Nice analysis of my replies.

Itna toh maine bhi nahi kiya hoga.

It is requested to you to keep ur replies limited to queries which are open and if something wrong is there in the reply to correct the same and the expert will accept it without any hesitation.

CA Ravi Sisodia (Expert)
24 July 2010
Tax Audit Limit - maximum 45

22 August 2014
Now it is 60 [for ay, 2014-15]

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

GST Live Class
Online GST Class    |    x