IS AUDIT APPLICABLE ???

This discussion clarifies when a tax audit is applicable for individuals filing ITR-3, particularly concerning turnover thresholds and digital transactions. It explains that if 95% or more of receipts and payments are digital, and a tax audit was conducted under section 44AB(a) for the previous assessment year (AY 2020-21), then a tax audit may not be required for the current year, even with turnover exceeding ₹1 crore. The key is to correctly indicate digital payment status when filing the ITR-3.