Dear colleague
whether audit u/s 44AD ( amendment) will be included in limit of 45 audit as per ICAI guideline???????
3 Replies
Dheeraj
(Learner)
(1100 Points)
Replied 06 July 2011
tax audit is maximum 45 including company audit tax audit
but if a company's turnover is less than 60 lakhs then it is not included in the above 45 audit
Deepak Gupta
(CA Student)
(15922 Points)
Replied 07 July 2011
| Originally posted by : mayankpatel802002 | ||
 |
Dear colleague whether audit u/s 44AD ( amendment) will be included in limit of 45 audit as per ICAI guideline??????? |
 |
Audit of accounts of persons carrying on business covered by sections 44AD, 44AE OR 44AF is not not included in the aforesaid limit - as per council decision.
Tax audit guidance note attached herewith.
Attached File : 555789 761154 tax audit guidance note.pdf downloaded: 1360 times
CA Devender Chauhan
(Group Financial Accountant)
(1526 Points)
Replied 11 July 2011
thanx deepak for info.
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