Audit Required under Income Tax

Business turnover 90 lac

profit less than 4%

Books of account maintained

in above case audit is mandatory or not.

Return filled previous year under 44AD

it is individual assessee.
Replies (3)
Quick Summary
If your business turnover is £90 lakh and your profits are less than 4%, an audit of your books of account is mandatory. This applies even if you previously filed under Section 44AD. You must get your accounts audited to comply with Section 44AB clause (e) of the Income Tax Act.

Yes As per Your query audit is required.
Yes u have to get audit your book of accounts...
Yes Audit is required as per sec 44AB clause (e)

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