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Applicability of Sec 44AD

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Querist : Anonymous (Querist)
29 June 2011 Whether section 44AD is applicable to manufacturing unit (individual) or to Job worker (individual) if his total turnover exeeds 10 lacs and less than 60 lacks. Is it mandatory to get the accounts audited if income is less than 8% but books of accounts maintained?

29 June 2011 Section 44AD is applicable in both the cases.
According to Section 44AD it is compulsory to get the accounts audited.

29 June 2011 audit required






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