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Tax Audit for Below Turnover 1 Cr

This query is : Resolved 

30 June 2023 Hello Sir/Ma'am,

My query is that I have client whose turnover is Rs. 22 Lac and Net Profit is rs. 88k which is around 4%, He is not opt 44AD for filling ITR and He is file return as per normal provisions, I just want to know that whether he is liable for Tax Audit or Not ?
bcz as per 44AB turnover are not exceed Rs. 1 Cr. For Audit requirements or neither he is opt for 44AD which is related with 6% or 8% profit rule

30 June 2023 No tax audit liability in current AY, if he had not opted for sec. 44AD IT act, in any of preceding five years.


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