If an assessee having gross
turnover less than 1 Crore
and his profit is less than
8% on the basis of books of
accounts maintained. He
never adopted section
44AD in any previous
years.
Please suggest whether
assesse is required to get its
account audited as per
section 44AB or not
Tax Audit is applicable Even the gross turnover falls below tax audit limit if net profit is less than 8% or 6% .
Books of accounts have to be maintained under section 44AB since tax audit is applicable
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