Tax audit
This query is : Resolved
05 December 2012
sir,
U/S 44AD IF assessee's turnover is less than 1 crore and he claim his income lower than 8%
then he has to get his accounts audited u/s 44AB
sir now my question is:
is that audit u/s 44AB included in 45 tax audit limit of a chartered accountant ??
U/S 44AD IF assessee's turnover is less than 1 crore and he claim his income lower than 8%
then he has to get his accounts audited u/s 44AB
sir now my question is:
is that audit u/s 44AB included in 45 tax audit limit of a chartered accountant ??
CA Roshan Jha
(Expert)
05 December 2012
Yes, it will be included.
Message likes :
1 times
05 December 2012
but sir it is clearly mentioned u/s 44AB that every person carrying on business shall, if his total sales, turnover or gross receipts , as the case may be , in business exceed or exceeds 1 crore rupee..
and u/s 44AD an assessee always has turover less than rs 1 crore..??
and u/s 44AD an assessee always has turover less than rs 1 crore..??
05 December 2012
Audit u/s 44AD will not be counted for the limit of 45 audits.
Courtesy :- 5th para of clause 6.0 of Council Guidelines No.1-CA(7)/02/2008, dated 8th August,2008.
Courtesy :- 5th para of clause 6.0 of Council Guidelines No.1-CA(7)/02/2008, dated 8th August,2008.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
