STATUTORY AUDIT AND TAX AUDIT

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PRITAM JAIN, CA , CS (Querist)
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16 March 2010 IS THERE ANY RESTRICTION ON CONDUCTING TAX AUDIT AND STATUTORY AUDIT BY SAME PERSON?
CAN A CA ACCEPT TAX AUDIT AS WELL AS STATUTORY AUDIT OF A COMPANY??

Aditya Maheshwari

Aditya Maheshwari (Expert)
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16 March 2010 yes one can accept both statutory audit as well as tax audit of the same company

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CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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16 March 2010 STATUTORY Audit is compulsory for every co. but Tax audit is applicable if co. cross criteria of 44AB i.e. excess of T.O. Rs. 40Lac otherwise no tax audit require.

CA CAN ACCEPT TAX AUDIT AS WELL AS STATUTORY AUDIT OF A COMPANY NO RESTRICTION FOR THAT.

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CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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16 March 2010 There is no restriction. one can conduct both audits. In most of the cases, both audits are conducted by the same auditor.

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sivadas chettoor

sivadas chettoor (Expert)
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16 March 2010 Both audits can be done

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PRITAM JAIN, CA , CS

PRITAM JAIN, CA , CS (Querist)
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18 March 2010 THANK YOU EXPERTS!
HAVE NICE MARCH END!!!

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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18 March 2010 Both Audits can be accept by same person.

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