08 August 2011
A CHARTERED ACCOUNTANT CAN SIGHN 45 TAX AUDIT IN A YEAR.NOW IF A FIRM TURNOVER IS LESS THEN 60 LAKHS , BUT HE WANT TO DO AUDIT , THEN WOULD BE ADDED IN THAT COUNTING (45 LIMIT)..........URGENT & IMPORTANT ....
09 August 2011
ICAI General guidelines 2008 dated 8/8/2008 says, audit of assesses covered under presumptive taxation will not be counted for the threshold limit of tax audit u/s 44AB of the Income tax Act,1961.