Under section 44AB, The Accounts are required to get Audited by a Chartered Accountant if Following Conditions are Fulfilled,

  1. Total Business Turnover Exceeds Rs 1 Crore Or,
  2. Total Professional Receipts exceeds Rs 50 Lakhs Or,
  3. In case of Assessee Eligible to get Benefits of Section 44AD or Section 44 ADA,

If such Assessee has not Declared Profit @ 6/8 % in case of Business and 50% in case of Profession We at PPA,

  • Provide Guidance as to applicability of Audit Provisions
  • Carry Audit Tax Audits for such entities in compliance with the Income Tax Act 1961