Will any one please describe the maximum limit of Tax audit per auditor?
What will be the position when there are 4 partner in the firm, what will be limit per auditor ?
Can any partner ( personally ) cross the limit for per auditor if there is unused limit of other partner in a firm of 4 partners?
Please explain.
The Council of the Institute at its 268th meeting held from 30th April to 2nd May 2007 has decided to increase the Tax Audit limit for practising Chartered Accountants, as individual or as a partner in a firm, from 30 to 45.
This the limit for individual or as a partner in a firm. The unused limit can't be used for another partner.
Referances
https://www.icai.org/post.html?post_id=1349
and
CAclubindia
