Income-tax filing threshold amended to increase eligibility and to require inclusion of cost audit reports where applicable. Amendment raises the monetary threshold in sub section (1A)(b) governing income-tax return-filing eligibility effective as specified, and expands the Explanation to sub section (9)(e) to require submission of the auditor's report and, where a statutory cost-account audit under company law has been conducted, the report generated under that cost-audit provision.
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Income-tax filing threshold amended to increase eligibility and to require inclusion of cost audit reports where applicable.
Amendment raises the monetary threshold in sub section (1A)(b) governing income-tax return-filing eligibility effective as specified, and expands the Explanation to sub section (9)(e) to require submission of the auditor's report and, where a statutory cost-account audit under company law has been conducted, the report generated under that cost-audit provision.
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