Query about tax audit

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29 August 2013 What is Tax Audit and what is the procedure for uploading the ITRs of the assesses having the Tax audit.

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
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And as per Notification 34/2013 dated 01.05.2013 Mandatory to file tax audit report online
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Procedure can be find here with

http://icaiahmedabad.com/PPT-Reg-n-E-File-Process-CA-Kuntal-Shah.pdf

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.
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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.
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