Audit of Books of accounts in respect of businesses with Turnover/Gross Receipts exceeding Rs. 1 Crore and businesses declaring Net Profit less than 8% of the Turnover/Gross receipts is mandatory.
The Income-tax Departments has made the online submission of the Audit Report (Form 3CA / Form 3CB as applicable) and the prescribed particulars to be provided in Form 3CD, mandatory from A.Y.2013-14 onwards.
Now the Income-tax department vide its Notification No 33/2014 dtd 25/07/2014 has amended the Format of the forms 3CA,3CB & 3CD for online submission.
The Income-tax department has notified that the online schema for preparation of these forms will be notified shortly and the new schema only shall be used for filing the same. In view of the specific instruction from the CBDT, documents filed in old format shall be invalid.
Source :- www.incometaxindiaefiling.gov.in
The notification for the amended Forms is reproduced below :-