05 December 2012
Yes it will be included. Statutory audit and tax audit are different. So if the stat auditor is doing tax audit, than it shall be counted in 45 tax audit limits for that auditor.
05 December 2012
sir, but u/s 44AB it is clearly mentioned that in a case where such person is required by or under any other law to get his accounts audited 86[***], it shall be sufficient compliance with the provisions of this section if such person gets the accounts of such business or profession audited under such law before the specified date and 87[furnishes by] that date the report of the audit as required under such other law and a further report 88[by an accountant] in the form prescribed under this section.
06 December 2012
As mentioned in the above para " A further report by an accountant in the form prescribed under this section". It indicates that the auditor has to issue a report in the prescribed form. The begininig paras are only to enable the auditors not to redo the same audit procedures, which he has performed during statutory audit. Hence in opinion, tax audit should be considered as separate audit and it should be counted in prescribed nos. This is my personal opinion and i would like to welcome the opinion of other experts.
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