If A Person Is Required By Or Under Any Other Law To Get His Accounts Audited, Then Is It Compulsory For Him To Once Again Get His Accounts Audited To Comply With The Requirement Of Section 44AB?

If a person is required by or under any other law to get his accounts audited, then is it compulsory for him to once again get his accounts audited to comply with the requirement of section 44AB?

Free Legal Advice - taxation

Posted by: Jitender Vaswani

Posted on: 2018-09-04

????Persons like a company or co-operative society are required to get their accounts audited under their respective law. Section 44AB provides that, if a person is required by or under any other law to get his accounts audited, then he need not again get his accounts audited to comply with the requirement of section 44AB. Is such a case, it shall be sufficient if such person gets the accounts of such business or profession audited under such law and obtains the report of the audit as required under such other law and also a report by the chartered accountant in the form prescribed under section 44AB

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