Applicability of tax audit

Varma Sri Pakalapati (Articled Assistant) (49 Points)

09 August 2017  

Dear Experts, 

                      my business is in loss and turnover is 5 lakhs. Based on this, my profit/loss is below 8% of Turn over. whether tax audit is applicable??     And my doubt is about, whether 8% of turnover is taken only for 44AD, in this regards please give me a source for getting clear cut effect.