Itr applicability

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Sumit (Querist)
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27 November 2013 A proprietor firm carrying a construction work, which ITR shall shall be applicable if the total turnover not exceeding 1 crore.?

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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27 November 2013 ITR - 4 for business income

Sumit

Sumit (Querist)
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27 November 2013 Sir as the the firm is a contractor it comes under 44AB. Are we required to upload an audit report online. Even though the turnover is not exceeding 1 crore?

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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27 November 2013 Why is the firm coming u/s 44AB if turnover not exceeding Rs. 1 crore. In case firm liable to audit due to section 44AD then also tax audit report to be furnished electronically.