03 December 2008
The replies about Eligibility of Signing of Tax Audit Report from Mr. CA. Tilak Raj Sharma & Mr. CA. B. Chakrapani Warrier are contra which query raised by Mr. Hardik V. Sheth.
Expecting, whether that is counted as 1 or 3???? Pls clarify clearly.
04 December 2008
Hardik's question,as I understood, was a proprietry businessman had three business and all the three were under the purview of tax audit. These three businesses were audited u/s 44 AB by an auditor.For calculating audit ceiling how these audits are counted.
My answer was those audits should be counted as one for audit ceiling because the auditor is supposed to give only one tax audit report in form 3 CB.
04 December 2008
Yes, it is the person who is supposed to get an audit report u/s 44AB and it is not that seperate reports are to be obtained by a person for every business. Hence, for the purpose of ceiling limit it should be counted as a single audit.
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