Tax audit under presumptive taxation scheme not included in specified no. of tax audit assignments: ICAI

Tax Audit

Dear All,

The Institute of Chartered Accountant of India (ICAI) has informed that audits conducted under Section 44AD, 44ADA and 44AE 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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