21 September 2019
IS AUDIT CONDUCTED U/S 44AD OF INCOME TAX INCLUDED IN AUDIT LIMIT 60 OR SAME WILL BE EXCLUDED IN COUNTING TAX THE AUDIT LIMIT. KINDLY THROUGH ON THIS MATTER
21 September 2019
A member of the Institute in practice shall not accept, relating to an assessment year, more than the “specified number of tax audit assignments” under Section 44AB of the Income-tax Act, 1961.
Provided also that the audits conducted under Section 44AD, 44AE and 44AF of the Income Tax Act, 1961 shall not be taken into account for the purpose of reckoning the “specified number of tax audit assignments
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