Dear colleague
whether audit u/s 44AD ( amendment) will be included in limit of 45 audit as per ICAI guideline???????
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Limit of 45 audit
Replies (3)
tax audit is maximum 45 including company audit tax audit
but if a company's turnover is less than 60 lakhs then it is not included in the above 45 audit
| Originally posted by : mayankpatel802002 | ||
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Dear colleague whether audit u/s 44AD ( amendment) will be included in limit of 45 audit as per ICAI guideline??????? |
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Audit of accounts of persons carrying on business covered by sections 44AD, 44AE OR 44AF is not not included in the aforesaid limit - as per council decision.
Tax audit guidance note attached herewith.
thanx deepak for info.
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