ceiling of tax audit u/s 44AF
This query is : Resolved
Ankit Garg
(Querist)
18 March 2011
Tax Audit u/s 44AF (Net Profit less than 8%)will count for the ceiling of tax audit of a C.A. or not?
Aditya Maheshwari
(Expert)
18 March 2011
As per The Council General Guidelines, 2008, dated 8-8-2008, the audits conducted under sections 44AD, 44AE and 44AF of the Income-tax Act,1961 shall not be taken into account for the purpose of reckoning the "specified number of tax audit assignments." The increase in the monetary limit under the Income-tax Act does not affect the Guidelines in any way
Ankit Garg
(Querist)
21 March 2011
Thanks
I have forgotten the year in which Guidelines issued (i.e. 2008)
Thanks again
I have forgotten the year in which Guidelines issued (i.e. 2008)
Thanks again
CA. Lohith Jagadeesh
(Expert)
26 March 2011
Hi,
Agreed with Expert
Thank you
Regards
CA.Lohith.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
Agreed with Expert
Thank you
Regards
CA.Lohith.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
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