Return filing of salary and business

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 October 2013 Dear Sir,
My Clints is a Ast. prof. of medical college and doing business as well. His business income are Rs.34,50,199/- and salary income are Rs.14,51,400/-. Are his income requiere audit or not?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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27 October 2013 Audit not required. But he is required to maintain books of accounts. Return to be filed in ITR4. However, if the business is eligible for 44AD, then he can offer income at 8% and books won't be required.

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