I am filing itr 3 for a.y 2018-19. the turnover for the period is1.2 cr. while gerating X M L the utility is displaying that i need to get audited under sec 44ab. what should i do?
I am filing itr 3 for a.y 2018-19. the turnover for the period is1.2 cr. while gerating X M L the utility is displaying that i need to get audited under sec 44ab. what should i do?
Unless income declared under presumptive assessment (i.e. u/s. 44AD) .... audit is mandatory.
As per sec. 44AB of IT act, you are liable to audit your accounts, & submit report alongwith ITR.. (& the same applied for last year also.)
Alternatively, if eligible, file ITR u/s. 44AD.
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