https://www.taxtmi.com/highlights?id=27579 Amendment of section 44AB. - audit of accounts of certain persons carrying on business or profession - in the case of an assessee, who is covered under the new proposed section 44ADA, the audit of books of account is required if he claims that the profits and gains from the profession are lower than the profits and gains computed in accordance with the provisions of sub-section (1) of the proposed new section and if his income exceeds the maximum amount which is not chargeable to income-tax. en-us Tue, 01 Mar 2016 12:28:50 +0530 Tue, 01 Mar 2016 12:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27579 Amendment of section 44AB. - audit of accounts of certain persons carrying on business or profession - in the case of an assessee, who is covered under the new proposed section 44ADA, the audit of books of account is required if he claims that the profits and gains from the profession are lower than the profits and gains computed in accordance with the provisions of sub-section (1) of the proposed new section and if his income exceeds the maximum amount which is not chargeable to income-tax. Highlights Bill Tue, 01 Mar 2016 12:28:50 +0530 https://www.taxtmi.com/highlights?id=27579