Audit of accounts and reporting of international transaction.

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....bsp;        (a) where the person is carrying on any profession, the gross receipts of the profession exceed twenty-five lakh rupees in the financial year;          (b) where the person is carrying on any business, the total turnover or gross receipts, as the case may be, of the business exceed one crore rupees in the fin....

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....ts of his business audited as required by, or under, any other law for the time being in force, before the due date; and         (b) obtains by the due date the report of the audit as required under such other law and a further report by an accountant in the form prescribed under sub-section (3).      (6) A person referred to in sub-sect....