No of tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2011
A CHARTERED ACCOUNTANT CAN SIGHN 45 TAX AUDIT IN A YEAR.NOW IF A FIRM TURNOVER IS LESS THEN 60 LAKHS , BUT HE WANT TO DO AUDIT , THEN WOULD BE ADDED IN THAT COUNTING (45 LIMIT)..........URGENT & IMPORTANT ....
CA PARAS BAFNA
(Expert)
08 August 2011
44AD Audits will not be included in the limit of 45 Audits.
(AD. MEANS ADDITIONAL AUDITS-)
(AD. MEANS ADDITIONAL AUDITS-)
CA Ravi Sisodia
(Expert)
08 August 2011
Agreed , 44AD Audits not include in 45 limit.
09 August 2011
ICAI General guidelines 2008 dated 8/8/2008 says, audit of assesses covered under presumptive taxation will not be counted for the threshold limit of tax audit u/s 44AB of the Income tax Act,1961.
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