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Audit & section 44ad

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(Querist)
13 July 2018 Suppose i am dong business of Kirana .....
My annual turnover goes around 70 lakh....
and profit % is 1%....
so i can not go for 44AD ...otherwise i would have unnecessary tax liability.....
so whether audit is mandatory for me ????
OR I can go for any other option ??????
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CA Ankit R Momaya

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CA Ankit R Momaya (Expert)
13 July 2018 Yes, audit is mandatory in the above scenario.
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shivam jain

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shivam jain (Querist)
13 July 2018 whether he can not directly fill ITR 3 & show his profit n that ??????
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