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Tax audit limit

24 April 2011

How can any one trace that Tax audit limit not crossed by any practicing CA.

If a CA signing tax audit reports more than the limit, then how can we verify it.

I knows some firm doing it, but I have not a list of tax audit done by that firm.

pls help me

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3 Replies

(Guest)

I agree with your question. But one thing we must remember that if Institute comes to know about the misconduct than they will trace out the number of audits conducted and if found crossing the limits than it may lead to punishment under Professional Misconduct.

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CA KRISHNA KUMAR DARUKA (CHARTERED ACCOUNTANT) (4458 Points)
Replied 24 April 2011

The Income Tax Department can easily find out this from returns filed. as PAN of the audit firm is to be given in case of tax audit. But general public will not be able to access that information. May be if some one can ask this information under RTI Act from IT Department then it may be available.

The Institute can know about this only in cases of peer review of firms.

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