Ceiling Limit on Specified Number of Tax Audits by CA

Assessee can take benefit of 2 Cr u/s. 44AD of IT act...

Secondly, the reason why 44AD etc is not included in number of Tax Audits… may be because the Assessee has an option to avoid the Audit by declaring 8/6% on turnover as profit. Since this option is extended for a turnover upto 2 Crores, on the same logic, such audits not become part of the ceiling.

If Sec. 44AD (4) & (5) were applicable to assessee, select option 44AB(e); otherwise sec. 44AB(a) of the act.

Yes, if audit is done as per sec. 44AB(a), and the same is counted under overall limit of 60.

But when the audit is done as per sec. 44AB(e), as required/ directed by sec. 44AD(4) r.w.s. 44AD(5), the same will not be calculated u/s. 44AB(a), even if the turnover is above 1 cr. but below 2 crs.  & as such it will not be included in overall limit of 60.

Thanks, Its my pleasure...