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44ad

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(Querist)
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
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CA Vap Patel

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

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

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

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Shivalok Lochak (Querist)
19 March 2016 Please clarify
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Jaymin Sabhaya

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

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CA Vap Patel (Expert)
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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