AUDIT U/S 44AB or 44AD(4)

This discussion addresses the applicability of Section 44AB for audit requirements when a business opts for Section 44AD. The user's turnover for AY 21-22 was ₹1.20 crore, and they declared profit above 8% under 44AD. For AY 22-23, the turnover increased to ₹1.50 crore, with profit declared below 8%, necessitating an audit. The core question is whether Section 44AB(a) or 44AB(e) applies, specifically concerning the provisions of 44AD(4), and if this audit counts towards the 60-audit limit. The consensus suggests Section 44AB(e) is applicable and does not count towards the 60-audit limit.