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Professional turnover

This query is : Resolved 
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(Querist)
11 July 2018 Sir,

my friend is doctor he had shown gross receipts 16lakhs and Net profit shown 12% for the Ass year 2017-18 and he submitted as per accounts maintained

One auditor raised the doubt he shown less than 50% and his accounts get his audited as per section 44ADA is it correct or not

Turnover limit is below audit and maintained accounts and shown profit 12%

please kindly explain

Thanking you
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
11 July 2018 Auditor's view is correct. Also see https://www.caclubindia.com/experts/gross-receipts-audit-limit-2672564.asp

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