WHAT WILL BE THE PUNISHMENT VIOLATION OF LIMIT OT TAX AUDIT OF 60
R. SHANMUGGAM (PROPRIETRO) (38 Points)
05 January 2015WHAT WILL BE THE PUNISHMENT VIOLATION OF LIMIT OT TAX AUDIT OF 60
sathianarayanan.t
(chartered accountant)
(267 Points)
Replied 05 January 2015
You have to face disciplinary action from our institute. Already the IT department submitted the name of auditors wha have signed more than 60 tax audit cases to our institute and at any time those auditors can get notice from our institute. Don't sign more than 60 cases.
Amit Kumar Jha
(Article)
(104 Points)
Replied 09 January 2015
Income Tax department should also develop their software system which protect to upload tax audit if limit have already exceed.Dont know Ca will get punishment or not but what about those client whose signature will be invalib bcz as per rule appointment of auditor is invalid if limit exceed
Regards,
Amit Jha
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