Audit

Neha jain (audit assistant) (55 Points)

05 April 2016  

if business turnover is 80 lakh , and profit is only 1% rs. 80255 , 
i have keep books of account

so qustion is
1. is it compulsory to audit ?
2. can i file regular itr 4 return ,without audit and without choosing section 44AD option ?