What is the maximum no of income tax audits which a CA can accept.
THanks in Advance
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 15 March 2011
In case if he is a sole proprietor only -It is 45 Tax Audit .
But if he is a partner in a partnership firm + Sole proprietor then 45 Tax audit in totality.
For Partnership firms -It is 45 Tax Audit per Partner.
Following Tax Audit shall be excluded from computing the above 45 tax audit limit:
1)Tax Audit Conducted for the purpose of Sec 44AD,44AE,44AF.
2) Ho & Branch shall be construed as 1 enity for above calculation.