The Institute of Chartered Accountants of India ( ICAI ), in an announcement, informed that the tax audits conducted under the presumptive tax scheme under the provisions of sections 44AD, 44ADA and 44AE of the Income Tax Act, 1961 shall be excluded for the purpose of reckoning the “specified number of tax audit assignments”. The […]
The post Tax Audits under Presumptive Tax Scheme to be excluded for reckoning “Specified number of Tax Audit Assignments”: ICAI [Read Announcement] appeared first on Taxscan | Simplifying Tax Laws.
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