section 44ad and lower 8% profit declared and no taxable income , no require tax audit

dear all

section 44ad me highlight word ka kya meaning hai. pls send kare

( kuch logo ka manna hai ki agar declare profit taxable nahi hai or profit 8% ke under hai to audit nahi karani hai.

kya ye sahi hai, i.e. turnover receipts is 55 lacs, and declared profit 1.45 lacs (male assessee) hai to audit nahi karani hai , kya ye sahi hai. 

Notwithstanding anything contained in the foregoing provisions of this section, an eligible assessee who claims that his profits and gains from the eligible business are lower than the profits and gains specified in sub-section (1) and whose total income exceeds the maximum amount which is not chargeable to income-tax, shall be required to keep and maintain such books of account and other documents as required under sub-section (2) of section 44AA and get them audited and furnish a report of such audit as required under section 44AB.

pls urgently answar de

thanks