Whether audit is required or not u/s 44ad?

Tax audit

tax audit income slab

for business income=Rs.1crore

for professional income=Rs.25lakhs

your query is not clear whether the income is by way of business or profession. Assuming your income is business income, the tax audit is not applicable as it did not exceed Rs.1crore.

Maintaining books

Books of accounts need to be maintained u/s44AA where the income(profit) by way of business or profession exceed Rs.1,20,000 or where the turnover exceeds Rs.10,00,000.

In your case, the above condition is fulfilled and you need to maintain proper books of accounts.

YES DEAR,

THE ASSESSEE IS LIABLE FOR TAX AUDIT U/SEC 44 AD AS THE PROFIT DECLARED IS LESS THAN 8% THE PRESCRIBED % IN CASE OF PRESUMPTIVE TAXATION.

Thank You