https://www.taxtmi.com/forum/issue?id=120986 A partnership firm that has used section 44AD for the first three years and then opts out from the fourth year becomes subject to the withdrawal consequences in section 44AD(4). The firm must maintain books of account under section 44AA and, where section 44AD(5) applies, get its accounts audited under section 44AB. For a partnership firm, any taxable income triggers this compliance requirement, so audit can be mandatory even where turnover is below the ordinary audit threshold. en-us Tue, 30 Jun 2026 13:23:03 +0530 Wed, 08 Jul 2026 18:05:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120986 A partnership firm that has used section 44AD for the first three years and then opts out from the fourth year becomes subject to the withdrawal consequences in section 44AD(4). The firm must maintain books of account under section 44AA and, where section 44AD(5) applies, get its accounts audited under section 44AB. For a partnership firm, any taxable income triggers this compliance requirement, so audit can be mandatory even where turnover is below the ordinary audit threshold. Discussion-Forum Income Tax Tue, 30 Jun 2026 13:23:03 +0530 https://www.taxtmi.com/forum/issue?id=120986