AUDIT REQUIRED OR NOT?

This discussion explores whether a tax audit is mandatory for a proprietorship firm with an annual turnover of ₹35 lakh and a profit of 4.5%. The user is seeking clarification on the tax audit thresholds, particularly when profits are below 8% but the turnover is below ₹1 crore. They also inquire about the possibility of showing different profit margins for GST and income tax purposes to avoid an audit.