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of <h1>CBDT Circular Clarifies Special Audits for Film Artists u/s 142(2A) of Income Tax Act, 1961.</h1> The circular issued by the Central Board of Direct Taxes (CBDT) addresses the application of special audits under section 142(2A) of the Income Tax Act, 1961. It highlights challenges in auditing film artists due to inadequate or overly simple accounts. Sections 44AA and 44AB, introduced to mandate the maintenance and auditing of accounts for certain taxpayers, including film artists, aim to resolve these issues. Rule 6F specifies the required books and documents. The circular emphasizes that sections 44AA, 44AB, and 142(2A) operate independently, and special audits should be conducted when necessary, particularly for those required to maintain detailed accounts.
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