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Audit required or not

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(Querist)
31 March 2016 a individual have salalry income 4.50 lacs and
business sales 60 lacs and profit from business rs 90 thousands

its audit required or not

due to u/s 44AB business income not excess from exempt limit.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
31 March 2016 Tax audit is required as the individual is having income exceeding basic exemption limit, including salary and declaring less than 8% profit in business.
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Amol S Joglekar

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Amol S Joglekar (Expert)
31 March 2016 Tax audit is required to be done.
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