Income tax return query.

This discussion addresses a query about switching between presumptive taxation and a tax audit for income tax returns. The user's firm is currently under tax audit but filing under presumptive taxation for FY 2020-21 due to low sales. They want to know if they can return to a tax audit case in upcoming years if sales increase, even with the restriction of not choosing presumptive for five years. The advice clarifies that exceeding a turnover of 2 crore automatically moves a business to a tax audit case, and it's not an 'opt-out' situation. If turnover is within limits, opting for presumptive is mandatory; otherwise, it's considered opting out.