Does an Individual having Finance Business,where receipt does not exceeds 1 crore is he liable for Tax Audit?????

a senior citizen in ay 2013-14 has following income form various heads

pension = Rs 230000/
business turnover
2020000/ & profit is= Rs 40000/
now the question is audit u/s 44AB is compulsory or not?

sir,
in cas assessee liable for tax audit,
& tax audit report uploaded by auditor & aproved by assessee but assessee is fail to file income tax return before due date

my query is

1. is assessee is liable for any penalty for non filing of income tax return

thanks in advance

SIR,

WHAT EFFECT ON PROFIT & LOSS A/C OF PREPAID EXPENSES

Dear all,

Please let me know whether after getting approval from RD for entering into contracts u/s 297, any form needs to be filed with the ROC or not??

sir
i am doing articleship in delhi living with my relative.
Due to Family problem they are shifting ahmedabad so i have to get transfer as i cat affort delhi living outside.
in this base can i get transfer?

according to section 285 of companies act 1956 every company shall hold a minimum 4 meeting of board of director every year with a maximum gap of 120 days between two meeting, if a company incorporate in 15th march then how can possible to hold 4 meeting in year ended......
is any exemption is provided in companies act 1956?

Our Auditor passed entry of Audit Fees (Rs.55000) as on dtd. 31.03.2013 & raised invoice as on dtd. 20-07-2013 & accordingly we have deducted TDS on the same as on dtd. 20-07-2013. My queries are :-

1) Is the above practice of our Auditor is correct? i.e. diff. Credit date & Invoice date.
2) In which qtr. of TDS return we have to mentioned this deduction?

A lot of confusion in my mind.

Please advise me.

Can anyone tell me the interest/penalty for late registration with STPI and for late filing of softex forms.

if on the due date of return filing of income tax was holiday then what will be the consequence if return is file next succeeding day? whether it is consider 139(1)return or belated....