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Q. > Please Help: e filing of tax audit report u/s 44AB and 44AD
Hello
I have a query regarding e filing of audit report and i am sharing that with you hoping your response soon.
Facts:-
1) Audit report u/s 44AB is required to be e filed from a.y. 2013-14 as per Income tax department notification no 34 dt.
01/05/2013
2) Further as per ICAI guidelines a Chartered accountant in practice can't do more than specified number of audit
assignment and while calculating specified number of audit assignments tax audit u/s 44AD will not be counted.
(Specified number of audit assignment are 45)
3) But when we e file 45 tax audit report u/s 44AD and then proceed to e file file audit report u/s 44AB then income tax
department website showing an error message that you exceed the specified number of audit assignment.
Query :-
1) Is it compulsory to e file the audit conducted u/s 44AD or u/s 44AB(d) ??
2) if yes how to segregate the audits u/s 44AD and 44AB for the purpose of specified number of tax audit assignments
??
Hoping response from your side soon :-)
Experts Panelist
Comments
Kushal
05-Jul-2013 , 02:17:25 pmboth 44ab and 44 ad are to be electronically filed to cpc both require digital signature for uploading the returns maintain the list manually for both, however 44 ad audits have no limit
Sagar Gupta
12-Jul-2013 , 08:42:38 pmyes, both of the audits have to be efiled but section 44AD audit is not counted for 45 audits limit since it is required by law- icai guidance note can be referred for more clarification.