In above scenario, 99% assessees have no other option except audit their books of accounts and at the same  time 99%  of them don’t have sufficient supporting records for audit. The irony is when we prepare books of accounts using Bank statements, most probable scenario is, either GTI is under 2.5 Lakhs or there is loss therefore assessees whose turnover was less then 1Cr and have GTI less than 2.5L or having loss, are not require to get their accounts audit u/s 44AB of IT Act,1961 but in this case we have to file return along with BS/PL Schedules. So i actually don’t know what will be the fate of assessee’s covered under 44AE. But one thing is sure govt didn’t done any ground level homework before implementing the same. how can govt suddenly imposed 10 time tax on an unorganized sector.