1 [26A. Audit ofaccount
Every dealer whose total turnover in a year exceeds fifty lakh rupees shall get his accounts audited by a Chartered Accountant 2 [or a Sales Tax Practitioner subject to the prescribed limits] and shall submit to the assessing authority a copy of the audited statement of accounts and certificates in the prescribed manner.]
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1. Inserted by Act 18 of 1994 w.e.f. 1.4.1994.
2. Inserted by Act 18 of 1999 w.e.f. 1.9.1999 by notification. Text of notification is at page 431.