How many maximum audits a chartered accountant can accept?Is it 30 or 45
Plz reply
Thanks
Varun.T.K
(CA Final, CS Executive)
(365 Points)
Replied 29 March 2010
In case of Tax Audit, it is 45 for an individual CA. In case of Partnership, it could increase that limit subject to the fact the aggregate no.of audits for the firm, should not exceed the limits applicable. In other words, a partner can take more than 45, say 50. In such case, the other partner could execute the balance 40 only.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
