26 June 2010
in case of sole proprietory firm having sales exceeding auditable limit whether e filing is compulsory?also how audit report will be submitted in annexure less return
26 June 2010
Efiling is compulsory in case of Tax Audit u/s.44AB. You don't have to submit the audit report to the department. It is required at the time of assessment or if specifically asked by the A.O.
28 June 2010
E-filing is not mandatory for Individual assessees even though turnover exceeds the threshold limit specified in section 44AB. But e- payment is compulsory.
Reference for e-filing of returns:- 1)CBDT Notification No.181/2003 dated 25/07/2003. 2)CBDT Notification No. 210 dated 27/7/2007.