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Seeling limit

Tax planning 1511 views 4 replies

WHAT IS THE TAX AUDIT LIMIT  AND HOW MANY SIGN IN TAX AUDIT  A CA ?

IT INCLUDE  THE TAX AUDIT OF CAMPANY AND FIRM TAX AUDIT ?

DIISCRIBE  DETAIL ME WITH  EXEMPALE ....

Replies (4)

Tax Audit Limit U/s. 44AB for the Assessment year 2011-12 is Rs. 60,00,000/- and for the Professionals it is Rs. 15,00,000/-. Signature of one Chartered Accountant is enough on the Tax Audit Report by indicating the Firm Name and the membership number.

Hi, a ca can sign in maximum of 45 Tax audit assignments (As per institute guidelines). Anupama is right in all other aspects mentioned above.

Agreed with anupama & senthilraja.

maximum of 45 Tax audit applicable for May'2011 exams or 30 Tax audit applicable


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