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Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2010 in case of sole proprietory firm having sales exceeding auditable limit whether e filing is compulsory?also how audit report will be submitted in annexure less return

CMA.Palani Arumugam

CMA.Palani Arumugam (Expert)
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26 June 2010 Efiling is compulsory in case of Tax Audit u/s.44AB. You don't have to submit the audit report to the department. It is required at the time of assessment or if specifically asked by the A.O.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 June 2010 E-filing is not mandatory for Individual assessees even though turnover exceeds the threshold limit specified in section 44AB. But e- payment is compulsory.

Reference for e-filing of returns:-
1)CBDT Notification No.181/2003 dated 25/07/2003.
2)CBDT Notification No. 210 dated 27/7/2007.

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