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of <h1>Audit Expenses Under Money-Laundering Rules Governed by Rule 10B; Rates Set by Income-tax Rule 14B</h1> Expenses related to audits under the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, are governed by Rule 10B. These expenses, including remuneration for accountants and their assistants, are determined by the rates specified in Rule 14B of the Income-tax Rules, 1962, based on the hours required for the audit as specified by the Director. Accountants must maintain a time sheet and submit it with their bill to the Director, who verifies that the hours billed align with the report's size and quality. This rule was inserted through an amendment effective from August 27, 2013.
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