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Tax audit compulsory or not?

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(Querist)
11 August 2017 Hello,

I have a question. It is very clear that being a proprietor if my business income is more than or equal to 8%/6%, I can simply go for presumptive taxation and no tax audit is reuired

But my question is if my income if less than specified % or in case of loss, if I am filing ITR 3 along with financial statements means Balance Sheet and P&Laccount, even than am I required to have tax audit?
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ABHISHEK GARG

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ABHISHEK GARG (Expert)
11 August 2017 No, if you are not availing presumptive income scheme and Maintaining Books then Tax Audit is not required subject to the condition that your turnover is below 1 Cr.
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RAJA P M

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RAJA P M (Expert)
11 August 2017 Yes. I agreed to Mr ABHISHEK GARG. But, Above said way you have books of accounts is mandatory / must....
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