SECTION 44AD AND COMPULSORY TAX AUDIT

I AM WORKING AT SOLE PROPRITORSHIP FIRM.

WE HAVE FILED IT RETURN U/S 44 AD, IN FINANCIAL YEAR:2021-22[6% OF TURNOVER]

BUT IN THE FINANCIAL YEAR:2021-22, WE WANT TO DECLARE THE PROFIT LESS THAN 6% OF TURNOVER AND TURNOVER IS MORE THAN 1 CRORES BUT LESS THAN 2 CRORES.

IN THIS CASE IS IT NECESSARY /ESEENTAIL  TO GET BOOKS OF A/CS AUDITED?

I UNDERSTAND THAT THE RECENT AUDIT TURNOVER LIMIT IS 10 CRORES[WITH LESS THAN 5% RECIPT /PAYMENTS ARE THROUGH MODE OTHER THAN DIGITAL MODE.

I REQUEST CLARIFICATION BY EXPERTS IN THIS MATTER.

REGARDS & THANKS.

FROM:MITESH SHAH]