Audit report

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CA Shruti Gupta (Querist)
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24 June 2013 please help me

at the time of filing audit report how can i compute tax audit limit of 45 as audit report is required in case of audit u/s 44ab and 44ad where income is below 8% of gross turnover...

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 June 2013 Audits conducted under Section 44AD of the Income Tax Act, 1961 shall not be taken into account for the purpose of reckoning
“specified number (ie.,45)" of tax audit assignments.

Courtesy:-
ICAI Council General Guidelines,2008.

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CA Shruti Gupta

CA Shruti Gupta (Querist)
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25 June 2013 but sir at the time of filing itr online, how can i by bifurcate report file under 44ad and 44ab as audit report is also filed where profit is less than 8%

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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14 July 2013 Going to be a controversy. Please read an article in https://taxguru.in/income-tax/efile-44ad-tax-audit-report.html

Further ICAI has requested to hoist difficulties of e- filing. Please see the link
https://taxguru.in/chartered-accountant/icai-requests-members-share-difficulties-faced-efiling-tax-audit-reports.html

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