21 July 2018
Though the limit for audit of books of accounts is specified under section 44AB and you are not a case for the same still you can not file your return under section 44AD and have get the books of accounts audited as your profit is below 8% and income is taxable (please refer section 44AB(e) Disclaimer : The answer to the query is given on the basis of the query as understood by the author. Author shall not be responsible for any loss or damage caused for the action taken based on the answer. The querist is advised to take legal opinion before taking any action.
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