Whether 44ad audits are included in ceiling limit?
This query is : Resolved
Guest
Guest
(Querist)
30 September 2011
My query is if the assesse wants to declare lower income than prescribed in sec 44AD and gets his account audited, then whether such Audit is included in the ceiling limit of 45 Audits of a CA or not? And if not, then why?
Thank you in advance.
Thank you in advance.
30 September 2011
No.. As per ICAI's guidelines, audits which are becoming tax audits due to proviso to sec 44AD are not supposed to be counted in ceiling of a member.
All the best...
All the best...
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