TAX AUDIT SIGNING LIMIT

CA Hardik Bhandari (chartered accountant) (28 Points)

26 September 2019  

IF THE TURNOVER OF AN INDIVIDUAL IS 1.5 CRORE AND HE SHOWS PROFIT LESS THAN 8 PERCENT , WILL THE TAX AUDIT BE COUNTED UNDER THE  CEILING LIMIT OF 60 OF A CHARTERED ACCOUNTANT . THIS CONFUSION ARISES BECAUSE AS PER ICAI AUDIT UNDER 44AD IS EXCLUDED FROM SIGNING LIMIT .