Is Digital Signature is Mendatory fo Audit U/s 44 AD??
3 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 09 July 2011
is there any audit under 44AD? as audit is refered under s/44AB, and every audit case is subject to digital signature w.e.f 1st july 11
Aparna Raja K.C
(Student)
(520 Points)
Replied 09 July 2011
No.. there is no requirement for Digital Signature :)
Krishna Upadhya
(Consultant-Tax Advisory Services)
(53 Points)
Replied 10 July 2011
As per 44AD(5), an assessee who claims that his profits and gains from the eligible business are lower than the profits and gains specified U/s 44AD(1), he should maintain books and should get his accounts audited U/s 44AB and hence it becomes audit U/s44AB, which makes digital signature mandatory to file return of income of such an assessee.
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