Schedule Part A- Audit information AY 2026-27
About the Schedule
‘Schedule – Audit Information’ in the Income Tax Return (ITR) forms captures audit information. The Audit Information Schedule is a crucial disclosure section for taxpayers engaged in business or profession. It ensures compliance with statutory requirements under sections 44AA and 44AB of the Income-tax Act, 1961. Taxpayers are required to confirm whether they maintain books of account, whether they fall under mandatory audit provisions, and if so, under which specific clauses. If the audit is applicable, taxpayers are required to disclose details of the auditor, such as name, membership number, and firm registration number, along with the date of furnishing the audit report and acknowledgement number. The schedule also seeks several other information.
- Section44AA and Section 44AB of Income-tax Act, 1961
- Rule 6Fand Rule 6G of the Income-tax Rules, 1962
Legal Provision
Section 44AA requires an assessee to prepare and maintain books of account if their income, turnover, or gross receipts exceed the prescribed threshold. Section 44AB also mandates a tax audit of these books for assessees engaged in business or profession, where the turnover or gross receipts exceed the specified limit. This audit must be conducted by a Chartered Accountant in practice.
Applicable to:
This schedule is applicable to ITR-3, ITR-5, ITR-6, and ITR-7.