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Ceiling limit of audit

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(Querist)
19 August 2015 I want to know the ceiling limit of both Statutory Audit And Tax Audit.

Whether we can do statutory audit as well as tax audit of same company?
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Amol S Joglekar

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Amol S Joglekar (Expert)
19 August 2015 Tax audit - 60

Statutory Audit - 20 This Limit of 20 Companies includes:-
a) Public Companies
b) Private Companies having paid up capital of Rs. 100 crore or more

statutory auditor and Tax auditor may be one and same for a Company

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