I have a query ?
In case of Individual having business Income of Rs 40,000 & turnover of 80,00,000 for AY 15-16 . In the given case whether audit is Compulsary under Sec 44AB read with 44AD ?
In same case if client is having loss of say Rs 50,000 kepping turnover at same whether audit is Compulsary u/s 44AB read with 44AD ?
Can person go for Voluntary Audit ?