Tax Audit
This query is : Resolved
04 March 2009
Dear Sir,
what is the ceiling limit for Tax Audits for an auditor?
what is the ceiling limit for Tax Audits for an auditor?
04 March 2009
HI YSIL
NUMBER OF TAX AUDIT ASSIGNMENTS AN AUDITOR CAN ACCEPT IS 45 NUMBERS. THE CELING WAS INCREASED FROM 30 TO 45 IN THE YEAR 2007.
NUMBER OF TAX AUDIT ASSIGNMENTS AN AUDITOR CAN ACCEPT IS 45 NUMBERS. THE CELING WAS INCREASED FROM 30 TO 45 IN THE YEAR 2007.
05 March 2009
Number of audit increased to 45 vide ICAI's 268th council meeting dated 30/04/2007.
05 March 2009
Also, the limit of 45 does not include
1.Audit of assessee claiming lower profit than what is envisaged in 44AD to 44AE.
2.Audit on requistion by A.o u/s 142(2A).
1.Audit of assessee claiming lower profit than what is envisaged in 44AD to 44AE.
2.Audit on requistion by A.o u/s 142(2A).
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