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

Intermediate Student (-) (639 Points)

09 January 2015  
T/O RS. 35 LAKH. IF PROFIT @ 5% 1.75 LAKH. WHETHER AUDIT IS REQUIRED OR NOT AS PROFIT IS BELOW THE BASIC EXEMPTION LIMIT FOR FY 13-14. whether books of a/c is required to be maintained as profit is 5%. Thanks in advance. Waiting for ur opinion.