Sec 44ad and 40(b)

CA VISHUKANT GOEL (CHARTERED ACCOUNTANT) (88 Points)

08 February 2016  
There is a question. income of partnership firm is computed @ 8% of turnover now remuneration and interest is deducted from this amount us 44AD. Now the question is whether tax audit is required since after deducting income is less then 8% of turnover. please answer