When are you required to submit audited financial statements along with your annual tax return?
Association of Persons (AoP)
Section 92(1). Share of a member from AOP having turnover of Rs. 300 million or more in a tax year or any of the preceding tax years shall not be exempt if financial statements duly audited by a firm of Chartered Accountants or a firm of Cost and Management Accountants have not been filed along with return of income.
Accounting Income vs Imputable Income
111(4A). If accounting income is more than Imputable income relevant to Final Tax Regime then taxpayer furnishes financial statements and accounts duly audited by a chartered accountant otherwise the excess amount from imputable income is not allowed to claim.
Companies
Rule 34(4)(e). A return of income shall be accompanied by audited accounts in case of a company.