Audit u/s 44ab(e) required or not???

LIMIT U/S 44AD IS 2CR??? SO IF I SHOW 8% PROFIT AUDIT IS NOT REQUIRED RIGHT??

1. From Finance Act, 2017 (FY 2017-18) assessee who have opted for presumptive taxation u/s 44AD need to show their profit under the sec 44AD for five consecutive assessment year (AY) relating to the AY in which the presumptive taxation scheme opted. Hence, if you an assessee who opted to show profit u/s 44AD during the FY 2017-18 then for 5 consecutive FY from 2018-19 to FY 2022-2023 need to show profit u/s 44AD.  on failure to show the profit under the above section then he shall not be eligible for a period of 5 AY succeeding the AY in which he had not shown profit under the above section. 
2. In your case, for the FY 2017-18 you have not opted for presumptive taxation scheme u/s 44AD and during the FY 2018-19 your T.O limit was less than Rs. 2 crores, hence you are eligible to avail sec 44AD and show profit @ 8% or 6% on your gross receipts or T.O  If you have opted for presumptive taxation scheme u/s 44AD then you don't need to get your books of accounts audited u/s 44AB. 
3. However, the important point to be noted in here is that as per sec 44AD(4) you need to show your profit u/s 44AD for a period of 5 years that is from FY 2019-20 to FY 2023-24 under the above scheme. If you fail to show then you will not be eligible for the period of 5 years succeeding the FY in which you have failed. 
Please correct me if the above interpretation has an alternative view.