Tax audit compulsion???

Pradeep (Business) (32 Points)

04 July 2016  

Client has approached me for Income Tax Return for Ass.year 2015-16.

He is into business of distributorship. Turnover is 90 lacs.

Profit is 1.5 lacs.

Do i need to do Tax Audit u/s Sec 44ab(as income is below 8%)?????

But Sec 44AB States

i) Turnover should exceed 1cr ii) Income Should Exceed 2.5lacs.

So I am confused over 2nd Condition of 44AB.(2.5 lacs)

Please revert.