Audit detailed

if a person having turnover less than 1 cr and profit above 250000 whether he is required to get his account audited.and he is not opting for 44 ad .plz explain.
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Quick Summary
This discussion clarifies whether a proprietary firm with an annual turnover below £1 crore and profits exceeding £2.5 lakh requires a statutory audit. The query specifies that the business owner is not opting for the presumptive taxation scheme under Section 44AD. The nature of business involves retail sale of items like cement and operation of a stone crusher.

Pls explain nature of business.
Retail sale of cement, stone crusher etc
SIR IT DEPENDS ON 26AS AND OTHER COMMISSIONS FROM COMPANIES FOR SALE RECEIVED SIR
But it's not a company.a proprietary firm and turnover less than 1 cr and profit above 2.5 lacs

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