Tax audit - applicable?

CA Romil Shah (CA ) (669 Points)

27 August 2019  

My client residential status for F.Y 2018-19 is NRI.

In previous year, he was filing tax return u/s 44AD and was resident.

In current year, his turnover is 33 lakh and profit around is around 3 lakh.

Is Tax Audit applicable for current year?


I think no tax audit is applicable for F.Y 2018-19, since 44AD(5) is applicable to "Eligible Assesse" and NRI is not Eligible Assesse as per 44 AD. Please confirm.