Please Help: Limit of Audit
Posted Date : 27-May-2013 , 06:12:50 am | Posted By: Anil Kumar Agrawal
Category :
Audit | Answers :
0|
Comments :
1| Hits: 172
|
|
I have a query regarding ceiling of audit.
A form A & B & Co has 2 partners. Can one p[artner do 80 tax audits and other 10.
And can one partner do 50 co audit and other only 10.
Is it allowed under the present provision.
Can I get any authentic document for your contention.
|
 |
|
|
|
| Comments |
| Posted By : ATUL NARENDRAKUMAR PITHADIA |
30-May-2013, 05:38:46 |
| as per companies act ,a CA can accept maximum 20 company audits of public limited co of which not more than 10 companies which have a paid up capital of more than 25 lacks
Tax audit is not consider for calculating above limits
In ur case A & B & Co. has 2 partner hence they can accept maximum 40 company audit out of which not more than 20 companies have a paid up capital of Rs. 25 lacks. Private companies are exclude from above ceiling limit |
| |
|
|
|
|
