Hello,

I am receiving professional income from my partnership Firm of Rs. 290000 as Interest & Remuneration income.
My individual income is 200000 and expense on that is 135000. As per section 44ADA if my income exceeds the maximum amount not chargeable to tax i.e Rs. 2,50000, I have to audit my accounts.

Now my question is whether the definition of income includes the income received from the firm i.e. 290000?

Whether I need to audit my books of accounts as I am not showing a 50% profit? (200000-135000) Rs. 65000.