Section 44AF(4)

(4) The provisions of sections 44AA and 44AB shall not apply in so far as they relate to the business referred to in sub -section ( 1) and in computing the monetary limits under those sections, the total turnover or, as the case may be, the income from the said business shall be excluded.] 4[(5) Notwithstanding anything contained in the foregoing provisions of this section, an assessee may claim lower profits and gains than the profits and gains specified in sub -section (1), if he keeps and maintains such books of account and other documents as required under sub -section ( 2) of section 44AA and gets his accounts audited and furnishes a report of such audit as required under section 44AB.] 5[(6) Nothing contained in this section shall apply to any assessment year beginning on or after the 1st day of April, 2011.]