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Tax Audit under section 44AD with effect from the AY 2017-18

Income Tax - Started By: - Paari Kumara Raj - Dated:- 7-6-2016 Last Replied Date:- 7-6-2016 - Section 44AD As per newly inserted sub section 5 of section 44AD, for the Assessment year 2017-18, even if a person (whose turnover is below ₹ 2 crore) is offering lower presumptive tax rate than 8%, wont he be subject to Tax Audit? Because now the criteria for Tax audit under section 44AD is given under sub section 5 i,e an assesee should have availed 44AD in the AY 2017-18 and subsequent five ye .....

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