if we done audit u/s 44AD (sale 90 lakh and NP 5%) then are these type of audits will count in the prescribed limit (45) of tax audit or not? And which type of reports are required to prepare in case of audit u/s 44AD?
CA ANKIT KANSAL (CHARTERED ACCOUNTANT) (31 Points)
21 June 2013if we done audit u/s 44AD (sale 90 lakh and NP 5%) then are these type of audits will count in the prescribed limit (45) of tax audit or not? And which type of reports are required to prepare in case of audit u/s 44AD?
Deepak Gupta
(CA Student)
(15922 Points)
Replied 21 June 2013
| Originally posted by : CA ANKIT KANSAL | ||
 |
if we done audit u/s 44AD (sale 90 lakh and NP 5%) then are these type of audits will count in the prescribed limit (45) of tax audit or not? And which type of reports are required to prepare in case of audit u/s 44AD? |
 |
No.
Refer page 316 of Code of Ethics, 2009 (Chapter-6 of the Council General Guidelines, 2008 issued under clause (i) of Part II of the Second Schedule).
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