If this Section is applicable to all business except Professions and that covered under section 44AE.
(1) Does it means that it is better that business such as Tuitions, Beauty Parlours, Hobby Classes, Retail Stores, Milk Centers, & other business which has turnover less than 60 lacs should take benefit of this section and declare 8% income of the turn over and remain free from maintaining a/c's books, etc.?
(2) What if an aassesse has any of the aforesaid business but his profit is more than 8% of his Turn over, still should he take advantage of this section? (can the AO take objection, that you have no expenses and your margin is more than 8% of the turnover )