28 September 2009
Yes compulsory File ITR for A.y. 09-10 and efiling is also compulsory. Audit is not require. AFter 1st meeting you need to submit the report to ROC. May be Possible if HIgh business transaction (e.g. 269ss or 269tt transaction)
29 September 2009
1. E-filing is compulsory for company. 2. Audit under Income Tax is not required as the business is of Rs. 1 lac only but the audit under companies act is required. 3. Audit report is to be submitted with ROC. 4. If your case is fit under selection criteria for scrutiny assessment then case can be fixed by ITO.
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