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Income declared below 8%, whether tax audit applicable

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(Querist)
29 March 2019 Turnover for F.Y. 17-18 is 60,00,000 and profit declared is 3,10,000 i.e. below 8%
Whether Tax Audit u/s 44AB will be applicable??????

Kindly guide in accordance with changed Section 44AD(4)
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RAJA P M

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RAJA P M (Expert)
29 March 2019 No... Tax Audit not applicable if You will file u/s 44AA (Maintain Books of Accounts).

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