Case Study

Case Study CA Ritesh is a partner in PNR & Associates, having 3 partners. During the financial year 2025-26, he accepted and signed a total of 130 tax audit reports under section 44AB of the Income-tax Act, 1961, in his capacity as a partner of the firm. The break-up of these 130 reports is as follows: • 20 reports pertain to assessees covered under section 44AE (owners of goods carriages, presumptive taxation) • 15 reports pertain to assessees covered under section 44ADA (professionals opting…