Section 44AB applicability certificate

Certificate regarding applicability of Tax Audit under Section 44AB of the Income-tax Act, 1961)

To Whomsoever It May Concern

This is to certify that we have examined the books of accounts, financial statements, relevant records, and information provided by Mr./Ms./M/s ___________________________ (hereinafter referred to as “the Assessee”), having PAN: ________________, and address at __________________________________, for the financial year ** (Assessment Year __________)**.


1. Basis of Examination

We have verified the following documents:

  • Books of accounts maintained by the assessee
  • Profit & Loss Account and Balance Sheet
  • Bank statements and supporting vouchers
  • GST returns / sales & purchase records (if applicable)
  • Income computation statement and other relevant records

2. Nature of Business / Profession

The assessee is engaged in the business / profession of:



3. Turnover / Gross Receipts

Based on the records examined, the turnover / gross receipts of the assessee for the financial year under consideration are as under:

  • Total Turnover / Gross Receipts: ₹ __________

(Details of computation of turnover are enclosed, if applicable)


4. Applicability of Section 44AB

Based on the verification of financial records and provisions of Section 44AB of the Income-tax Act, 1961, we hereby certify that:

☐ The assessee is required to get his accounts audited under Section 44AB as the turnover / gross receipts exceed the prescribed threshold limit as applicable for the relevant financial year.

OR

☐ The assessee is not required to get his accounts audited under Section 44AB as the turnover / gross receipts do not exceed the prescribed threshold limit.

OR

☐ The assessee is covered under presumptive taxation scheme under Section ________ and is / is not required to undergo tax audit as per applicable conditions.


5. Conclusion

Based on the examination of books of accounts and relevant records, we certify the applicability / non-applicability of tax audit under Section 44AB as stated above.

This certificate is issued at the specific request of the assessee for the purpose of Income-tax compliance and should not be used for any other purpose without prior written consent.

We further state that this certificate is based on the information and records made available to us and does not constitute an audit opinion under the Standards on Auditing.


Place: __________
Date: __________


For (Name of CA Firm / Chartered Accountant)

(Signature)

CA Name: ___________________________
Membership No.: _____________________
FRN (if firm): _______________________
UDIN: _______________________________
Seal: ________________________________

Discover more from Pro-Formats

Subscribe now to keep reading and get access to the full archive.

Continue reading