Section 44AD 44AB

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varinder kumar (Querist)
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12 August 2026 I seek professional guidance . Assessee (Individual) business turnover less than Rs. 1.08 crore during relevant previous year actual profit morethan 8% of turnover presumed cash receipts and payments morethan 5 percent.
Is Section 44AD applicable in such circumstances? Does cash receipt and cash payment morethan 5% affect eligibilityto opt for section 44AD when turnover is below Rs.2 Crore?
Is tax audit under section 44AB required when the assessee opt for section 44AD and declare profit morethan 5%?
What is the correct interpretation of the 5% cash receipt/payment conditions appearing in the ITR audit-information schedule?
What should be selected in the ITR regarding the relevant audit-information questions?

I would appreciate an answer with reference to the specific provisions of Section 44AD and 44AB and the relevant Rules/official notifications, so that thereturn can be filed correctly.

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