Non-inclusion of audits under sections 44AD, 44AE and 44AF in the "specified number of tax audit assignments"

Clarification regarding non-inclusion of audits conducted under sections 44AD, 44AE and 44AF in the “specified number of tax audit assignments” –

In order to clarify the doubt raised by majority of members in respect of inclusion of audits conducted under sections 44AD, 44AE and 44AF of the Income-tax Act, 1961 in the specified number of tax audit assignments, the extracts of Para 6 of Chapter VI “Tax Audit assignments under section 44AB of the Income-tax Act, 1961” of the Council General Guidelines No.1-CA(7)/025/2008 dated 8th August, 2008 have been reproduced below:

“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”.

The complete text of said Guidelines can be downloaded by clicking on the link below:

http://www.icai.org/post.html?post_id=3284