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Applicability of amendments in co. audit for ipcc may '14 exams

27 May 2014

Please tell me,are there any amendments that are applicable in Co. audit for may '14 exams?I heard that there is an amendment applicable in co. audit regarding the ceiling no. of audits,is it correct?

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TSGRR (Student ) (282 Points)
Replied 27 May 2014

Tax Audit Limit Increased from 45 to 60 for audits conducted during the financial year 2014-15 and onwards.. However the said amendment is applicable for November 2014 examinations and onwards. For students appearing May 2014 examinations the limit shall be 45 audits in one financial year.