Help required regarding audit under section 44ad

CA Devesh Thakur (CA ) (303 Points)

04 July 2014  

I have some doubt regarding audit under section 44AD if assessee is showing his income lower than 8%. My client is having loss under his professional business which states that he is showing income lower than 8%. Besides that income he is having income from other source which is more than the income not chargeable to Income Tax.

Kindly guide me whether he is required to get his accounts audited or not??