44AB and 44AD

Hi,
1. Whether Tax audit is applicable for persons carrying on business is based on turnover(ie.exceeding 1 crore or prescribed limit)
or
is based on profit less than 8% on turnover even if business turnover is less than 1 crore?

because, according to 44AB(e) tax audit applicable for whom 44AD(4) attracts ie. income less than 8%

2. Another query is, Whether Non availability of section 44AD due to Turnover(TO) exceed 2 crore makes the business ineligible for next 5 asst years? if No is the answer then business can avail 44AD life-time provided business declares income
>= 8% in the year in which TO is < 2Cr

3.Is Tax audit applicable for the YEAR OF OPT OUT irrespective of TO limit OR
is tax audit mandatory for ALL the succeeding five asst. year irrespective of TO limit?
kindly clarify


Thanks.
Replies (1)

1. If already Sec. 44AD(4) in preceding year, then audit applicable, other wise not.

2. No. for particular the non-eligibility is due to turnover. Yes to second part.

3. For next five years, w.r.t eligibility, not irrespective of TO.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details