Regarding 5 year audit must

Sourav (Student)     22 March 2021

If the person opts for presumptive taxation under section 44AD then the person should maintain it for 5 years.
otherwise audit is based on turnover during the year.

Sahil garg (Accountant)     22 March 2021

Sir since a.y 2013-201r i declared income in proper books of accounts maintained instead of persumptive basis but in A.y 2018-2019 i audited my books of account for showing profit less than 8%.
continuous 3 year i audited my accounts now plz clear my doubt