ICAI Seeking Data on Tax Audit from CBDT

Thanks for the info......

thanks for updation

Yes,

Now Beware Those Practising CA Who are Doin More Than 45 Tax Audit & Misconduct of Professional Ethics.

& if Two Partners are There, one is inactive then one alone partner can sign report 90 (by taking of that one also who is inactive) on his membership number

THANX FOR UR UPDATION...ITS REALLY GOOD...FOR AUDIT CONCERN PRATICE.....

Even i read that article but i think there planning to judge how many

Tax Audit 1 C.A. can do so to enhance the limits

Rahul gupta,

Can you kindly confirm whether a firm of Chartered Accountants having 2 partners (this 2 partners are neither  having a separate independent practice nor a partner in any other firm)

My question is Can one partner sign the tax audit reports for morethan 45 in firms name by his name & membership no?

(Other partner has not signed any tax audit reports)

Also please suggest that instead of one name, split in another name with his membership no. I want to know the legal aspect of the Institutes.

Originally posted by : CA.Madhusudan B.P.
	Rahul gupta, Can you kindly confirm whether a firm of Chartered Accountants having 2 partners (this 2 partners are neither  having a separate independent practice nor a partner in any other firm) My question is Can one partner sign the tax audit reports for morethan 45 in firms name by his name & membership no? (Other partner has not signed any tax audit reports) Also please suggest that instead of one name, split in another name with his membership no. I want to know the legal aspect of the Institutes.

Mr. Madhusudan,

To the extent I am understanding your question, in my view a member can sign more than 45 audits in the capacity as a partner. However, the total no. of audits for the frim should not exceed more than 90 (45per partner).

As per my understanding, in case an audit is done by a partnership concern, then the member is signing on behalf of the partnership concern, however the ceileing of audits for the partnership firm is counted in terms of limits of the no. of the partners.

Please correct me, in case your views are different or you have any written case or evidences related to the concerned topic.

Regards

CA Rahul Gupta

Rahul,

Many CAs are of the opinion that the Notification is not so clear, as it is beneficial to the CA firms, they are simply signing as they require.

And some of the CAsare of the opinion that strictly as per the notification one CA in full time practice can sign 45 including in all his capacity (individual / partnership etc.,)

But no one gave me the notification or its no. or under which authority the its being notofied. I really don't no.