E-filing of tax audit report u/s44ad

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Prashant Patil (Querist)
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04 June 2013 For turnover below 1Crore we are doing Audit u/s 44AD. Is mandatory e-filing rule also application to such audits?

Thanks

Anand Modi

Anand Modi (Expert)
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04 June 2013 Yes it is mandatory because Audit report is as per section 44AB

Prashant Patil

Prashant Patil (Querist)
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04 June 2013 But as per sec.44AB tax audit is applicable if our turnover is more than Rs.1 Crore.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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05 June 2013 44AB audit is also applicable for those having turnover < Rs.1 crore and opts for < 8% profit. Please refer section 44AD(5) of the Income tax Act,1961.

Prashant Patil

Prashant Patil (Querist)
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06 June 2013 Thanks Sir.........
But I heard from my friend that mandatory e-filing is not applicable for such audit. He get this news from "Vyapari Mitra" article of May 2013.