Ceiling on number of audits

 ya audit of govt. co. is included.. 

 audit of corporations is not included in it.. 

 govt. co  will b included.

Hi Trinath,

Yes, while calculating the ceiling on number of audits under section 224(1B), audit of any government company is also required to be considered.

AUDIT EXCLUDED

In computing the specified number, following shall not be taken into account:

1. Audit of Pvt. Company.

2. Audit of Guarantee company having no share capital. (DCA Letter 8/12(224)/74-CL-V, datetd 28.09.1974)

3. Audit of foreign company.

4. An internal audit.

5. Audit of co-operative society, trusts.

6. Taxaudit under income tax act, 1961.

7. Special Audit & investigation.

8. A branch Audit as per DCA Clarification.

Regards

 agree with Mr.Garg

What a wastage of THANK FEATURE??

ADMIN should do something to prevent such false thanks.

thanks for everyone