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44ad audits

This query is : Resolved 

12 June 2011 CAN ANYONE PLEASE INFORM ME REGARDING WHETHER AUDIT CONDUCTED U/S.44AD WHERE THE TURNOVER IS LESS THAN 60 LAKHS IS COVERED UNDER THE LIMIT OF 45 AUDITS PER CHARTERED ACCOUNTANT?

12 June 2011 As it is an Audit U/s 44AB, it is covered
under the limit.

12 June 2011 ICAI general guidlines says as follows:-

Provided also that the audits conducted under Section 44AD, 44AE and
44AF of the Income Tax Act, 1961 shall not be taken into account for the purpose
of reckoning the “specified number (now 45)of tax audit assignments”.


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