Limit of Tax Audit
This query is : Resolved
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.
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.
02 July 2011
No such clarification by institute as yet.
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.
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.
Please go through the link provided and see paragraph 2 on page no 4.
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