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Ceiling limit of company audit as per icai guideline

Practise 3296 views 5 replies

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

Replies (5)

I think Yes....

 

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

The limit fixed is individually and not over firm!!

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

The limit fixed is individual and not over firm!!

cryingcryingcrying

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

thanks allowed.

heartheartheart

 

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"

Yes Sir...

I agreed to You...yesyesyes


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