Audit report
This query is : Resolved
CA Shruti Gupta
(Querist)
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...
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...
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.
“specified number (ie.,45)" of tax audit assignments.
Courtesy:-
ICAI Council General Guidelines,2008.
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CA Shruti Gupta
(Querist)
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%
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
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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