TaxTMI 
TaxTMI 
I have Filed partnership it return for FY 17-18 u/s 44AD and declares profit 9% my turnover was arounf 4lakh. Now I am want to File regular Return and declaring 5% profit my turnover is 10 lkah in FY 18-19 .
Can I file IT Return without Tax Audit.?
FY 17-18 IT RERUN FILED UNDER 44AD partnership firm
30 Aug 2019 
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Presumptive taxation: switching to regular return bars re-entry to scheme five years and triggers tax audit if income exceeds threshold.
Electing to file a regular return after previously using the presumptive taxation under section 44AD prevents re-entry into the presumptive scheme for five years; if the partnership's taxable income exceeds the advisory's referenced threshold, the firm must maintain books of account and obtain a tax audit. (AI Summary)
Electing to file a regular return after previously using the presumptive taxation under section 44AD prevents re-entry into the presumptive scheme for five years; if the partnership's taxable income exceeds the advisory's referenced threshold, the firm must maintain books of account and obtain a tax audit. (AI Summary)