Amendment of section 44AB.

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.... "profession" shall be substituted; (b) for the words, figures and letters "under section 44AD", the words, figures and letters "under section 44ADA" shall be substituted; (c) for the words "previous year", the words "previous year; or" shall be substituted; (iii) after clause (d) and before the long line, the following clause shall be inserted, namely:- "(e) carrying on the business shall, if....

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....e (d) of the said section so as to provide that 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 amou....