Audit of accounts and reporting of international transaction.

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..... rson 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 and .....

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..... b-section (3). (6) A person referred to in sub-section (2) of section 87 shall furnish a report of the international transaction entered into during the financial year to the Transfer Pricing Officer on or before the due date specified in sub-clause (c) of clause (86) of section 314. (7) The report referred in sub-section ( 6 ) shall be obtained from an accountant in such form, duly signed and ver .....

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