CA. Sanjay K. Agarwal
Chairman - Direct Taxes Committee

• Respected CA. Sanjay K Agarwal Ji,

• Tax audit, one of the key tool in securing adherence to tax laws and regulations, demands a profound understanding and commitment towards ethical practice. The introduction of the provisions regarding compulsory audit of accounts for tax purposes under Section 44AB of the Income Tax Act, 1961, signified a very healthy development in our tax laws. It fulfils a long felt need and seeks to rectify a weakness which was diagnosed long ago.

  I, CA. Sanjay K. Agarwal, Chairman of the Direct Taxes Committee of ICAI with the co-operation of CA. Piyush Chhajed, Vice Chairman and my team have taken an initiative of updating the ‘Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961.

  [Click here for the Revised Guidance Note]

• Regards,
  
  CA. Sanjay K. Agarwal
  Chairman - Direct Taxes Committee
  Member Central Council of ICAI
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