Partner of a CA Firm
132 Points
Posted on 17 August 2021
Even if you maintain books of accounts and TO level is 25 Lakhs , if you are not offering minimum of 8% (6%, if transactions are done thr' banking channel.) of the TO as income under 44AD (for business), you have to get an Audit report u/s. 44AB as required under the provisions of Sec.44AD(5)