AUDIT U/S 44AB IS MANDATORY

What is mobile currency??

As you are saying it is a service and it exceeds 50 lakhs and also it is not a specified service as per 44AA hence you can't go with 44ADA. 

So you have no other option except go for audit.

Will you get commission for this mobile currency service?? if so in that case also 44ADA is not applicable.

If u can declare 8% of turnover as profits then go for 44ad

I will get commission rs 10lacs.then what to do

If your receipts and payments is 5% in cash and 95% in online mode then for audit purpose turnover will be 5 crores rupees and in case receipts and payments are greater than 5% in cash then turnover limit will be 1 crores rupees

For commission business 44AD won't be applicable. and we have relief for assessees who are doing business and making turnover up to 5 Cr subject to the following conditions.

when cash receipt and payment made during  the year does not exceed 5% of total receipt or payment, as the  case may be.

In other words, more than 95% of the business  transactions should be done through banking channels.

It is very rare to see a small business receiving 95% or more of sales in cash.

Just telling there is a provision available to escape audit. otherwise he has to go for audit as per my understanding.

I agree with the above comments

Please replace cash by bank in my previous comment

I observed it veer😊