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Ceiling limit of company audit as per icai guideline

Kunal kumar (Partner) (36 Points)

07 November 2017

we are 5 partners Firm, one of our Partner is ill and in Hospital due to Heart Problem, Now my question is can anthor Partner audit more the 30 Companies audit.

For Example: Total Companies Audit of Firm: 130.

Partner A: 30

Partner B: 20

partner B is ill, then Partner A can Audit Rest 20 Comanies Audit or Not,

Please Reply Fast

Tahnk You

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (127155 Points)
Replied 07 November 2017

I think Yes....

Please wait... Our Experts ll be solve it...

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 07 November 2017

The limit fixed is individually and not over firm!!

RAJA P M ("Do the Right Thing...!!!") (127155 Points)
Replied 07 November 2017

THANK YOU SIR...............!!!

The limit fixed is individual and not over firm!!

Your gesture has not been conveyed as you have exceeded the limit of number of

thanks allowed.

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 07 November 2017

Tax Audit Limit Increased From 45 to 60 for audits conducted during the financial year 2014-15 and onwards. - (11-02-2014)

In the Council General Guidelines, 2008, the Council Guidelines No.1-CA(7)/02/2008, dated 8th August,2008, in Chapter VI "Tax Audit assignments under Section 44AB of the Income-tax Act, 1961 ", in Explanation given in Para 6.1, in sub-para(a) and sub-para(b), the figure "45" be substituted with the figure "60"