12 June 2013
A chartered accountant conduct the tax audit for a firm which have not more than 1 crore turn over. This type of audit consider for ceiling of 45 Audit.
12 June 2013
Provided also that the audits conducted under Section 44AD, 44AE and 44AF of the Income Tax Act, 1961 shall not be taken into account for the purpose of reckoning the “specified number of tax audit assignments.