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E-filing with digital signature

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Ankit Garg (Querist)
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11 May 2013 An assessee has total turnover is Rs. 75 Lacs and he shows business income of Rs. 4 Lacs (i.e. less than 8%).

It is clear that the books of account will get audit, whether it is mandatory for the assessee to file ITR electronically and

sign the return with digital signature only.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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11 May 2013 Since provisions of section 44AB applies, return has to be filed electronically with digital signing.
Please refer notification 37/2011 dated 1/7/2011.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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26 June 2013 Yes when the turnover is less than the minimum limit fixed for audit u/s 44AB then the net profit should be 8%. In case of less profit the books must be audited to show lower profit then 8% and the return must be filed online with digital signature. I agree with the expert.

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