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Compulsory of audit report

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(Querist)
06 January 2012 sir
my total turn over of 65,00,000 i will not maintained any books of accounts i will declaired (U/S 44AD) 8% of total receipt amount and i will give any audit report of declairtion of 8%,
pls sugest as early as possible
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
06 January 2012 One of the conditions of Section 44AD is that the total turnover should not exceed Rs. 60 lakhs.

Since your turnover exceeds Rs. 60 lakhs, you cannot avail the benefit of Section 44AD.

You have to maintain books of accounts and also get your accounts audited.
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