Dear Sir,
Financial year 2029-20 turnover is Rs.43 lacs we have filed ITR unde 44AD. financial year 2020-21 turnover is Rs.73 lacs but profit is 4% we filed under audit 44AB(e). financial year 2021-22 turnover is Rs 56 lacs profit 12% so can we go for 44AD or audit is mendtatory
please suggest
Audit u/s. 44AB(e) of the act, mandatory.
CAclubindia
