If income of individual/HUF is 50 lacs which is less than 2 crore and does not opt for presumptive scheme u/s 44AD is he required to get audit??

1 answer

Auditguru Staff March 14, 2018

he has 2 options

  1. Declare more than presumptive basis and avoid audit
  2. Declare less than presumptive and get audit done

Please login with Facebook or Gmail to Submit Answer