An assessee has two different business. He gets 2 separate audit reports for his two business from his CA.
Whether whole this audit consignment should be considered as 1 while calculating CA's 45 Tax Audit Limit ?
5 Replies
Sunshine
(Helping All)
(10575 Points)
Replied 20 September 2010
i think it will be counted as 2 separate audits...
pardeep bansal
(profession)
(63 Points)
Replied 01 October 2010
If there r two separate audit reports how the audits can be considered as one audit??? Although your question tells the answer itself but still i would like to tell these r 2 audits for limit purpose.
Raghav Toshniwal
(student)
(450 Points)
Replied 14 October 2010
definitely these are counted as two audits....
Devendra
(Qualified Audit Assistant)
(521 Points)
Replied 14 October 2010
For this purpose, 2 seperate tax audits will have to be carried out.
Govind Inani
(Business)
(203 Points)
Replied 18 October 2010
Friends as far as I know, ceiling on tax audit upto 45 is PAN based. So when I am giving two separate tax audit reports for one assessee for his two different business, the assessee will file only one return and in that return he will nowhere mention two tax auditor's details. Hence it should be calculated as one only.
Please rectify me if I am wrong.
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