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Doubt reg. Section 44AB

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This query is : Resolved

T.N.Reddy

T.N.Reddy (Querist)
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10 September 2025 Sir, one of the assessee has business income (Trading of goods) which was put under 44AD, he also has the speculative business (F&O Transactions), which we are reporting as (+)positive and (–) negative values in the income tax returns. However, when I check the Cash collections and Cash payments which was done from the trading of goods business it is more than 5% to the total turnover and more than 5% to the total expenditure, “totals” here means the trading of goods turnover and speculative business turnover, Now the question is, do I have to get the books of accounts audited u/s.44AD, as I am not satisfying the proviso’s to the clause (a) of section 44AD.

T.N.Reddy

T.N.Reddy (Querist)
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10 September 2025 From botton last two lines, kindly read them as u/s.44AB, but not 44AD.

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