WHAT IS THE TAX AUDIT LIMIT AND HOW MANY SIGN IN TAX AUDIT A CA ?
IT INCLUDE THE TAX AUDIT OF CAMPANY AND FIRM TAX AUDIT ?
DIISCRIBE DETAIL ME WITH EXEMPALE ....
4 Replies
CA ANUPAMA
(CMA, CA )
(149 Points)
Replied 22 March 2011
Tax Audit Limit U/s. 44AB for the Assessment year 2011-12 is Rs. 60,00,000/- and for the Professionals it is Rs. 15,00,000/-. Signature of one Chartered Accountant is enough on the Tax Audit Report by indicating the Firm Name and the membership number.
Senthilraja
(Chartered Accountant)
(57 Points)
Replied 22 March 2011
Hi, a ca can sign in maximum of 45 Tax audit assignments (As per institute guidelines). Anupama is right in all other aspects mentioned above.
PRADEEP CHAND SHARMA
(Accounts Officer)
(141 Points)
Replied 23 March 2011
maximum of 45 Tax audit applicable for May'2011 exams or 30 Tax audit applicable
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