21 December 2007
Sir My question is, whether limit of 45 tax audit includes statutory audit of Companies or this limit is only for audit u/s44AB of I T act Please specify me about the ceiling limit for tax audit & also about statutory audit
22 December 2007
There is not any ceiling limit for tax audit, Only Statutary audit have limit of 20 Company audit. But one chartered can take other company's internal audit. Only he can not sign 21st company's Balancesheet.
CAclubindia
