https://www.taxtmi.com/forum/issue?id=110474 The amended provision under section 44AD links tax audit liability to the taxpayer's election to avail the presumptive taxation scheme: tax audit consequences arise where a taxpayer has adopted the presumptive scheme in a year and then does not avail the scheme in any of the next five years; by contrast, a taxpayer who does not opt into the presumptive scheme is not automatically subject to tax audit merely because reported profits are below the presumptive percentage. en-us Tue, 07 Jun 2016 13:09:16 +0530 Thu, 23 Jan 2025 15:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110474 The amended provision under section 44AD links tax audit liability to the taxpayer's election to avail the presumptive taxation scheme: tax audit consequences arise where a taxpayer has adopted the presumptive scheme in a year and then does not avail the scheme in any of the next five years; by contrast, a taxpayer who does not opt into the presumptive scheme is not automatically subject to tax audit merely because reported profits are below the presumptive percentage. Discussion-Forum Income Tax Tue, 07 Jun 2016 13:09:16 +0530 https://www.taxtmi.com/forum/issue?id=110474