Limit of Tax Audit

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Hitesh Chauhan (Querist)
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02 July 2011 Sir,

Please clarify that Audit done of concern which has shown profit below 8%. and also turnover is less than 60 lac. then

This audit assignment come whithin the limit of 45 tax audit or not ?

if not then please give link of institute guidelines.

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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02 July 2011 No such clarification by institute as yet.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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03 July 2011 It will not be counted for the limit of 45 audits. Pl see ICAI General guide lines, 2008 dated 8/8/2008.

CA Rajendra Purohit

CA Rajendra Purohit (Expert)
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03 July 2011 http://220.227.161.86/12766Council_General_Guidelines.pdf

Please go through the link provided and see paragraph 2 on page no 4.

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