28 July 2011
I have a proprietory concern in which in have done a tunrover of 19.00 Lacs for the FY 2010-11. 1. Should my book of accounts be audited by CA? 2. What is the limit to get the accounts audited? 3. Can i prepare & Sign the BS & PL accounts and submit to the ITD? 4. Is it mandatory to file the ITR - 4 electronically?
28 July 2011
1 & 2. required to be audited if turnover exceeds Rs. 60 lakhs or professional receipts exceed Rs. 15 lakhs or in case profit from business is less than 8% of thr turnover and you want to show profit less than 8%. 3. You have to file ITR only. You need not send BS & P & L to ITO. 4. Electronic filing only in case u are liable for tax audit.
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