Name of act if you are liable to audit under any act

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Student
1374 Points Posted on 23 January 2020
please clarify what to fill here
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On 23 January 2020 at 12:20 Report
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This discussion clarifies which act needs to be specified when indicating liability for an audit. Generally, if a tax audit is required under Section 44AB of the Income Tax Act for a financial year, that's what you should state. However, if your business is a corporate entity, you may also be subject to audit under the Companies Act.

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CA Article Assistant
132 Points Posted on 23 January 2020

If you are asking about GSTR9C Certification, Liable under any other Acts - its is the act under which tax audit is conducted in Sec 44AB for that FY.

The Income Tax Act.

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On 23 January 2020 at 13:12
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Student
1374 Points Posted on 23 January 2020
Thank you
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On 23 January 2020 at 13:26
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Learner
2398 Points Posted on 24 January 2020
It may be audit under companies act also, if an assessee is corporate entity.
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On 24 January 2020 at 07:17

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