Format of audit report u/s 44AD of the Income Tax Act, Income Tax

[Common Issues]

Is there any format for audit report to be furnished where the assesse is required to get its accounts audited u/s 44AC, 44AD, 44AE or 44AF of the Income Tax Act, 1961.

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[Venkata Ramana Dhara]

There is no audit under U/s. 44 AD, AE and AF. Once the assessee does not want to declare income as stated under these sections then he has to opt for filing his return by getting his accounts audited  U/s. 44AB. Obviously Form 3CB and 3CD are the only formats under this section. Any other opinion please ?