Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160860 Points)
Replied 09 July 2017
Every registered taxable person whose turnover during a financial year exceeds the prescribed limit [ note as per the draft rules Turnover limit is above Rs 1 core ] shall get his accounts audited by a chartered accountant or a cost accountant and shall submit to the proper officer a copy of the audited statement of accounts, the reconciliation statement and such other documents in the form and manner as may be prescribed in this behalf.[ section 44(4)]
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