Audit under 44ad

prashant sharma (Chartered Accountant ) (38 Points)

12 March 2019  

HELLO,

I HAVE A QUERY THAT IN P.Y 2017-18 I HAD T/O LESS THAN 1 CRORE AND I HAD SHOWN THE PROFIT LESS THEN 8% WHICH IS ABOVE BASIC EXEMPTION LIMIT AND GET MY BOOK AUDITED U/S 44AD.

HOWEVER IN P.Y 2018-19 MY T/O IS MORE THAN 1 CRORE AND MY PROFIT IS LESS THAN 8% AS WELL AS BELOW BASIC EXEMPTION LIMIT WHETHER I REQUIRED TO GET MY BOOK AUDITED U/S 44AD.