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Audit limit of 45

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(Querist)
22 June 2011 Dear all
The audit done U/s. 44 AD i.e. the net income shown less than 8% . The provision of section 44 AD says that the books of accounts are get audited U/s. 44 AB.
Such audit is counted to the limit of 45 Tax audit or not?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
22 June 2011 44AD audit is not counted to determine the threshold limit of 45 audits. Pl see ICAI general guidelines 2008 dated August 8,2008.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
23 June 2011 Rightly said by Shri Warrier Saheb.
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