STATUTORY AUDIT AND TAX AUDIT
This query is : Resolved
PRITAM JAIN, CA , CS
(Querist)
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??
CAN A CA ACCEPT TAX AUDIT AS WELL AS STATUTORY AUDIT OF A COMPANY??
Aditya Maheshwari
(Expert)
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
(Expert)
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.
CA CAN ACCEPT TAX AUDIT AS WELL AS STATUTORY AUDIT OF A COMPANY NO RESTRICTION FOR THAT.
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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
(Expert)
16 March 2010
Both audits can be done
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PRITAM JAIN, CA , CS
(Querist)
18 March 2010
THANK YOU EXPERTS!
HAVE NICE MARCH END!!!
HAVE NICE MARCH END!!!
CA Ravi Sisodia
(Expert)
18 March 2010
Both Audits can be accept by same person.
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