is audit compulsory

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  1. ASHISH KUMAR JAIN

    ASHISH KUMAR JAIN New Member

    if business turnover is 80 lakh , and profit is only 1% rs. 80255 ,
    i have keep books of account

    so qustion is
    1. is it compulsory to audit ?
    2. can i file regular itr 4 return ?
     
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