29 August 2013
if business turnover more than 1 crore in case of professional if gross receipts more than 25 lakhs they supposed to get their books of accounts audited with a chartered accountant under section 44AB . . And as per Notification 34/2013 dated 01.05.2013 Mandatory to file tax audit report online . . Procedure can be find here with
29 August 2013
Audit carried on U/s 44AB is known as Tax Audit and is applicable when the turnover or gross receipts in the business or profession exceeds a certain limit. The audit provision also becomes applicable to those assessees also who can not declare profit at the prescribed rate on turnover/gross receipts. . The procedure for uploading ITR includes uploading of the Audit Reports and Balance Sheet P&L Account along with the ITR of the assessee which is uploaded by digitally signing the ITR by the assessee. The procedure is handled by a CA. .