44ADA and Tax audit

Priyanka (Chartered accountant) (367 Points)

23 May 2018  
a partnership firm in consultancy business having small turnover of 9 lakh has tax deducted at souce by client u/s 194J. is it compulsory to declare profit for such small entity @ 50% ? they do not have that much profit also. is it compulsory to do tax audit if profit is to be shown under 50% ? plz guide