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AI Drafter

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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income tax SEC 44AA

giri gattupalli

respected sir,

one of my client is a GST REGULAR dealer made sales in financial year 2019-20 amounting to rs 70,00,000 and output 3,50,000 rs . we have maitained books of accounts regularly and filed gst returns every month. my client earned 4% net income amounting to rs 2,80,000 only. my doubt is whether my client required to get his accounts audited under sec 44AB or not. please advise.

thanking you

Audit requirement under section 44AB waived where turnover below specified threshold; no audit required for small taxpayers Advises that a GST-registered regular dealer with annual sales of Rs. 70,00,000 and maintained books who files GST returns is not required to obtain a statutory income-tax audit because the dealer's turnover is below the prescribed one-crore threshold for mandatory audit. (AI Summary)
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DR.MARIAPPAN GOVINDARAJAN on Mar 3, 2021

Since it is less than ₹ 1 crore no requirement for the accounts audited under section 44AB

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