Section 44AD- Voluntary or Compulsory scheme

Section 44AD is voluntary, not mandatory. A taxpayer can declare actual profit/loss instead of presumptive income. However, if income shown is lower than prescribed presumptive rates and total income exceeds exemption limit, tax audit requirements may arise under section 44AB.

So if I declare loss during the year then I have to get my accounts audited , right ?

If you had not opted presumptive assessment u/s. 44AD in any of the preceeding FIVE years (or if it is your first year of  business income declaration); you can file return under normal scheme and if your total turnover is below rupees one crore; you can declare loss without tax audit requirement.

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