Question ID :
SPECIFIED NUMBER OF TAX AUDIT ASSIGNEMENTS
Dear Sir an assessee who declares profit U/s 44AD i.e. 8% for previous year and subsequently for CY he declares profit lower then 8% (his turnover is below 2 Cr and Above 1 CR ) wherein 44AD(4) is attracted and liable for Audit U/s 44Ab(e) whether such tax audit will be counted within specified limit of 60 tax audits ?
Sep 19 2022 12:00AM