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Audit applicability u/s 44ab

This query is : Resolved 
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(Querist)
02 August 2019 Dear experts,
In FY 17-18 AY 18-19, my client was having turnover of Rs. 1.30cr, his actual profit was below the deemed profit u/s 44AD, hence he has undergone audit and declared profit @ 2% as per books of accounts.

Now, in FY 18-19 AY 19-20, he is having turnover of Rs. 67 lacs. As per the new amendment, he cannot opt for 44AD. He has maintained regular books of accounts.

The question here is whether he is required to undergo audit u/s 44AB or he can file regular ITR-4 (with P&L and Balance Sheet) without audit?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 August 2019 He is required to undergo audit u/s 44AB if he declares less than 8%/6% otherwise audit not required file ITR 3.
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