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Bank branch Advance limit for Statutory Audit fixed at 6 crores

Posted Date : 23-Mar-2012 , 08:33:14 am | Posted By CASANSAAR print Print

Dear Member,

It has been learnt that RBI has received communication regarding Bank Branch Audit allotment.

 

All Bank Branches having advances of Rupees six crores and above and one third of the branches below six crores of advances will be audited.


CA. Jaydeep N. Shah
President, ICAI

Category : Income Tax | Comments : 0 | Hits : 1799

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