audit celing
This query is : Resolved
05 May 2008
what is th no. of Co. audits a CA can pursue under Cos. Act?
and what is the over all limit of audits under ICAI guidelines?
is it 30 or 45??
me fultoo confused
plz elaborate
thnxz
and what is the over all limit of audits under ICAI guidelines?
is it 30 or 45??
me fultoo confused
plz elaborate
thnxz
05 May 2008
for tax audit under the income tax act is 45
05 May 2008
thnx for response sir
n is thr any limit for 30 co audits also
n is thr any limit for 30 co audits also
05 May 2008
The ceiling limit [u/s 224(1B)of Companies Act] of company audit for a chartered accountant is 20. Provided, not more than 10 companies under audit have paid up capital of Rs. 25,00,000 or more.
This 20 audit limit does not include:
- Branch Audit
- Private Company Audit
- Special Audit
- Foriegn Company Audit
- Audit of Corporation &
- Guarantee Company.
However the overall audit limit inclusive of Private company is 30.
If a CA holds more than 30 company audits, he will be guilty of professional misconduct.
This 20 audit limit does not include:
- Branch Audit
- Private Company Audit
- Special Audit
- Foriegn Company Audit
- Audit of Corporation &
- Guarantee Company.
However the overall audit limit inclusive of Private company is 30.
If a CA holds more than 30 company audits, he will be guilty of professional misconduct.
05 May 2008
thnx mam
one thing still creepink k u said over all limit is off 30 company audits inclusive of pvt. cos.
but than what is that limit of 45 tax audits?
does that ceiling of 45 will include 30 comapany audits also?
one thing still creepink k u said over all limit is off 30 company audits inclusive of pvt. cos.
but than what is that limit of 45 tax audits?
does that ceiling of 45 will include 30 comapany audits also?
21 June 2008
overall audit limit inclusive of Private company is 30
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
