Tax audit limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2013
Dear Experts,
A CA firm having two partner, One is full time COP Holder and other is Part time COP holder. what is the ceiling limit of Tax Audit u/s 44AB.
Whether it is 45 or 90..?
And also suggest me whether all audit report of firm can be sign by one partner only?
A CA firm having two partner, One is full time COP Holder and other is Part time COP holder. what is the ceiling limit of Tax Audit u/s 44AB.
Whether it is 45 or 90..?
And also suggest me whether all audit report of firm can be sign by one partner only?
26 September 2013
45 tax Audit Each Partner..
however, A Chartered Accountant being a part time practicing partner of a firm shall not be taken into account for the purpose of reckoning the tax audit assignments of the firm.
however, A Chartered Accountant being a part time practicing partner of a firm shall not be taken into account for the purpose of reckoning the tax audit assignments of the firm.
28 September 2013
Yup.
It will be 45 b'coz other partner is not a full time cop holder.
Agree with expert.
It will be 45 b'coz other partner is not a full time cop holder.
Agree with expert.
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