Section
285BA of Income Tax Act, 1961 read with Rule 114E of Income Tax Rules,
1962 mandates, inter-alia, that AIR shall be e-filed by any person who
is liable for audit under section 44AB of the Act in respect of receipt
of
cash payment exceeding two lakh rupees for sale by any person of
goods or services of any nature. The said threshold limit shall be
applied by taking into account all the accounts of the same nature in
respect of that person during the financial year. The said provisions
are applicable with effect from AY 2015-16