Tax audit for AY 17-18

Not require 

required because your net profit is less than 8% of sec 44ad

but you fall in slab rate of 300000 and your gross total income is below 300000 than you dont need for audit

Tax Audit not required if it's from Business...

Only when the assessee opts for presumptive income under Sec 44AD the net profit 8% condition needs to be checked..if proper books are maintained then it's normal route & tax audit not required...

in 44ab there is one condition that if show less than profit as per presumptive section than he required to audit her book of account

Dear all

The logic behind for 44ad is if turnover less than 8percent there is need for tax audit.
otherwise every one shows profit less than 8 percent.
in my view profit is less than eight percent definitely tax audit required

Sir,
Section 44AD specifies two conditions to be fulfilled simultaneously:
1) Lays down the turnover/gross receipts threshold limit upto which u can opt for presumtive basis of reporting ur income and;

2) The minimum profit to be reported under this scheme i.e 8% of the turnover.
If above mentioned conditions are not satisfied u have to get ur books of accounts audited as per Section 44AB.

Whether to maintain books of Accounts is separately dealt in section 44AA.

So In the above query audit is reauired since net profit is less than 8% of the turnover reported

tax audit required