Tax audit u/s. 44ab of income tax act, 1961
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 June 2012
In the abovementioned section one can audit 45 Tax Audits u/s. 44AB of IT Act, 1961. Audit which is referred in Section 44AD of the said act whether be included in the abovementioned figure of 45 Tax Audits or not?
23 June 2012
Yes it will be covered because it is also u/s 44AB.
23 June 2012
Dear Author and Mr. Siddhartha,
As per Council decision, audits of accounts u/s 44AD, 44AE, 44AF, 44BB, 44BBB etc are not included in the limit of 45 tax audits.
Thanks
As per Council decision, audits of accounts u/s 44AD, 44AE, 44AF, 44BB, 44BBB etc are not included in the limit of 45 tax audits.
Thanks
23 June 2012
ICAI vide its 311 th meeting dated 8/9 November,2011 clarified that audit u/s 44AD will not be considered for inclusion in the present limit of 45 audits.
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