Tax Audit Requirement?

My client got his accounts audited last year.
This year he wants to fill up ITR4 and to pay tax on 8% income.
Is it possible??

pls reply
Replies (10)
Quick Summary
This discussion clarifies whether a client can file ITR4 and opt for presumptive taxation at 8% after having their accounts audited in the previous year. The consensus is that it's possible, provided the previous year's audit was not under Section 44AB(e) of the IT Act. It's also noted that if a tax audit was applicable, TDS provisions must be complied with, though presumptive taxation can still be chosen.

Yes, provided the tax audit of preceding year was not carried u/s. 44AB(e) of IT act

When he opt out of Sec 44AD
@ Krishanu Majumder,

If Tax audit is applicable for Previous FY then you must comply with Tds provisions..But you may opt for presumptive Taxation
Limitation period of 5 years need to checked

@ Eshwar Reddy, no you are replying on all last 4-5 days post on which I replied now.

It shows who is following whom???
Check in the after noon who has started it
You check it I need not . I m doing my work
Copy paste few hours left
So you started your game
Hey Bhagwan.....🙏🙏🙏🙏 My post pe jhagda maat karna aap dono 😭😭😭
Sorry Dear🙏🙏🙏

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