44ad

This query is : Resolved

Shivalok Lochak (Querist)
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05 March 2016 If a person want to opt for presumptive income us 44ad And he want to show his income less than 8%. Then the audit performed by the auditor us 44AD will count in ceiling limit(60) of auditor or not. Please give advice

CA Vap Patel

CA Vap Patel (Expert)
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05 March 2016 Yes it wlll be included in 60 limit

Jaymin Sabhaya

Jaymin Sabhaya (Expert)
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07 March 2016 Please follow the link....
http://abcaus.in/icai/taxauditlimitincreasedtosixty.html

Shivalok Lochak

Shivalok Lochak (Querist)
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19 March 2016 Sir when I search it online some site shows that it is not included in audit ceiling limit

Shivalok Lochak

Shivalok Lochak (Querist)
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19 March 2016 Please clarify

Jaymin Sabhaya

Jaymin Sabhaya (Expert)
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19 March 2016 Dear Sir,
it will not included in the limit of 60. please follow the link which i suggested earlier.

CA Vap Patel

CA Vap Patel (Expert)
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19 March 2016 I agree with Jaymin. I advised wrongly. It will not be counted in limit of 60. Sorry for any inconvenience cause due my wrong advise. Regards

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