Unless opted for sec. 44AD in preceeding year/s, tax audit u/s. 44AB not applicable when business TO is below 1Cr.
Even if you opt for section 44AD in AY 2018-19. tax audit not applicable, but have to declare minimum 6/8% profit.
Not mandatory ...
But if total income exceed BEL, audit may be asked for.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
