Whether tax audit is required when opting for section 44AD and simultaneously reporting separate commission income in P&L?

Whether tax audit is required when opting for section 44AD and simultaneously reporting separate commission income in P&L? https://www.taxtmi.com/forum/issue?id=121095 Tax audit under section 44AB operates independently of presumptive income declared under section 44AD. Declaring profit above the prescribed 6% or 8% rate does not remove the turnover-based audit requirement. Where turnover exceeds the normal threshold and cash receipts and cash payments each exceed 5%, the enhanced low-cash threshold is unavailable. On turnover of approximately Rs. 1.37 crore, tax audit is required. Separate commission income does not change this audit consequence, although its treatment under the presumptive-taxation framework requires separate examination. en-us Sun, 30 Aug 2026 22:24:50 +0530 Mon, 07 Sep 2026 09:59:47 +0530 TaxTMI RSS Generator Whether tax audit is required when opting for section 44AD and simultaneously reporting separate commission income in P&L? https://www.taxtmi.com/forum/issue?id=121095 Tax audit under section 44AB operates independently of presumptive income declared under section 44AD. Declaring profit above the prescribed 6% or 8% rate does not remove the turnover-based audit requirement. Where turnover exceeds the normal threshold and cash receipts and cash payments each exceed 5%, the enhanced low-cash threshold is unavailable. On turnover of approximately Rs. 1.37 crore, tax audit is required. Separate commission income does not change this audit consequence, although its treatment under the presumptive-taxation framework requires separate examination. Discussion-Forum Income Tax Sun, 30 Aug 2026 22:24:50 +0530 https://www.taxtmi.com/forum/issue?id=121095