If assessee(individual ,huf, partnership firm) engaged in bussiness have turnover less than 1 cr, maintain books u/s44 AA and offer net profit less than 8% (or 6%) then under which section he required to get books audited in case he not opt for presumptive income before.
As 44 AD apply when he doesn't maintain books and offer profit below 8%.
So can he offer net profit below 8%(or 6%) and file ITR 3 with balance sheet and profit & loss without audit.
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Audit Applicability u/s 44AD and 44 AB
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if you are claiming ur profit below 8% or 6% as the case may be then you need to maintain books of account and further needs to get them audited under section 44AD..
either opt under 44AD/ADA, or maintain books of accounts and audit books
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