TAX AUDIT OF PRIVATE LIMITED COMPANY

This query is : Resolved

vidyasagar kallappa bastawade (Querist)
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16 September 2009 RESPECTED SIR,

I HAVE BEEN APPOINTED AS TAX AUDITOR OF PRIVATE LIMITED COMPANY AND THE STATUTORY AUDITOR OTHER THAN ME BUT THE ANNUAL AUDIT UNDER COMPANY ACT 1956 IS NOT CONDUCTED YET. WHETER I WILL HAVE ANY DIFICULTY IN COMPLETING TAX AUDIT U/S 44AB OF INCOME TAX ACT 1961.IN SHORT EVEN THERE IS NO ANNUALAUDIT IS CONDUCTED CAN I COMPLETE TAX AUDIT?

Kaustuv

Kaustuv (Expert)
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16 September 2009 No Complications. But your scope of work would increase a bit. In many places, you would have mentioned " relied on work done at the time of statutory audit" had you also done the stat audit. Why don't you do both now?