How many Tax Audit can be signed by A CA,Individual,Propritor ?
Thank you all in advanced..........
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AUDIT
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max 45 tax audits
where it is mentioned ???????
circlars issued by ICAI under CA act.
the details of this u can found in CA Final audit book (institute book)
45.....
GV ME CIRCULAR.........................PLEASE........................
45 Audits
its 45.....
As members are aware, the maximum limit of Tax Audit for a member in practice, as individual or as a partner in a firm, was fixed at 30 as back as in 1989 with the objective of ensuring quality and equitable distribution of work. In view of fast expanding economy and increase in number of such assignments coinciding with enhancement of professional competence of members to perform quality services in an IT-enabled environment, it was decided to review the maximum Tax Audit limit. As such, the Council of the Institute at its 268th meeting held from 30th April to 2nd May 2007 has decided to increase the Tax Audit limit for practising Chartered Accountants, as individual or as a partner in a firm, from 30 to 45.
Courtesy:- ICAI.
Source : caclubindia : wrote by Chakrapani Warrier Saheb.
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