As per section 44AD if any person opt for presumptive taxation scheme then they neither needs to maintain books of account nor get their accounts audited
So you don't need to Tax Audit
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Comments
Arun Garg
18-Jul-2013 , 07:26:25 pmyes, tax will be conducted as the firm has not shown presumtive 8% profit
SUBHASH KUMAR JHA
19-Jul-2013 , 12:33:14 pmAs per section 44AD if any person opt for presumptive taxation scheme then they neither needs to maintain books of account nor get their accounts audited So you don't need to Tax Audit