#section 44AB
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Income Tax
SA 700 on Tax Audit Report U/s. 44AB not applicable for reports filed up to 31st March, 2014
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Mandatory e-filling of Audit report u/s. 44AB, 92E & 115JB
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S. 80IC Deduction duly supported by Form 10CCB cannot be denied on mere non-disclosure in tax audit report
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In Speculation trading there is no ‘sale’ or ‘turnover’ effected within the meaning of S. 44AB
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Issues in Tax Audit under Income tax Act, 1961
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Provisions of Section 44AD – As Amended by Finance Act 2012
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Section 44AB not applicable if Assessee not involved in or has no income from business / profession
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Tax Audit Limit raised to One Crore for business & 25 Lakh for Profession
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Merely because, the assessee did not furnish the report before the due date of filing of the return, that may not automatically attract the penalty
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Requirement of furnishing tax audit report under section 44AB was introduced only with effect from 1-7-1995 for purpose of section 271B
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Income from services in connection with seismic surveys, data acquisition, processing and interpretation of such data is covered under Section 44BB of
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Attention members carrying out tax audit u/s 44AB
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E-filing Mandatory for Individual and HUF who required to furnish the return in Form ITR-4 and to whom provisions of section 44AB are applicable
CA, CS, CMA![Announcement for students appearing in May 2010 and November 2010 examinations Final (Old) Course [Direct Taxes] and Final (New) Course [Direct Tax Laws]](https://taxguru.in/wp-content/uploads/2026/08/CACSCMS.jpg)
![Announcement for students appearing in May 2010 and November 2010 examinations Final (Old) Course [Direct Taxes] and Final (New) Course [Direct Tax Laws]](https://taxguru.in/wp-content/uploads/2026/08/CACSCMS.jpg)
CA, CS, CMA
