Ceiling limit of audit
This query is : Resolved
07 November 2009
What is the ceiling limit of ana audit by a chartered accountant & how many tax audits can be done by a chartered accountant.
PLZ REPLY IMMEDIATELY, IT'S VERY URGENT.
THANKING YOU IN ADVANCE
PLZ REPLY IMMEDIATELY, IT'S VERY URGENT.
THANKING YOU IN ADVANCE
08 November 2009
Dear Shelly
Earlier the limit was 30 Tax Audit but as per amended CA Regulation the limit has been increased to 45
Earlier the limit was 30 Tax Audit but as per amended CA Regulation the limit has been increased to 45
08 November 2009
As members are aware, the maximum limit of Tax Audit for a member in practice, as individual or as a partner in a firm, was fixed at 30 as back as in 1989 with the objective of ensuring quality and equitable distribution of work. In view of fast expanding economy and increase in number of such assignments coinciding with enhancement of professional competence of members to perform quality services in an IT-enabled environment, it was decided to review the maximum Tax Audit limit. As such, the Council of the Institute at its 268th meeting held from 30th April to 2nd May 2007 has decided to increase the Tax Audit limit for practising Chartered Accountants, as individual or as a partner in a firm, from 30 to 45.
09 November 2009
Agree with the experts
10 November 2009
45 Tax Audits per year
10 November 2009
BUT THIS LIMIT IS NOT SUFFICIENT BECAUSE THE FEE IN SMALL CITY OF AUDIT IS MAX RS 3000 AND PERSON MAKE FULL 45 AUDIT ITS HAS RECEIVED FEE 45*3000=135000 ANT ITS METATION OFFICE ALSO SO PL. CHANGE THE LIMIT AND MAKE 100 AUDIT
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- Income Type for interest from government bonds
- Adjustment at the beginning of the year
- Bifurcation of prepaid expenses
- Is income taxable or receivable or received in case of LLP and company
- TDS - Form 26QB - Installment - Final payment Query
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
