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44AD Income

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If a person has turnover of ₹ 1,20,00,000/- in 2017-2018 and has shown income u/s 44AD. In 2018-19, he has a turnover of ₹ 1,80,00,000/- and shown income as per audited accounts. In 2019-20, he has turnover of ₹ 80,00,000/-.

Now my question is that whether in 2019-20 he has to audit his account or he can show his income as normal business income
Replies (1)
You can not switch to presumptive scheme for 5yrs, once you get your accounts audited.


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