Audit limit of 45
This query is : Resolved
22 June 2011
Dear all
The audit done U/s. 44 AD i.e. the net income shown less than 8% . The provision of section 44 AD says that the books of accounts are get audited U/s. 44 AB.
Such audit is counted to the limit of 45 Tax audit or not?
The audit done U/s. 44 AD i.e. the net income shown less than 8% . The provision of section 44 AD says that the books of accounts are get audited U/s. 44 AB.
Such audit is counted to the limit of 45 Tax audit or not?
22 June 2011
44AD audit is not counted to determine the threshold limit of 45 audits. Pl see ICAI general guidelines 2008 dated August 8,2008.
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23 June 2011
Rightly said by Shri Warrier Saheb.
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