Audit of accounts and reporting of international transaction.

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Full Text of the Document

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....on 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 financial year. (2) The audit of the accounts referred to in sub-section (1) shall be carried out by an accountant a....