Regarding Tax Audit

Total sales or turnover or gross receipts exceed Rs 1 crore in the FY. (Non presumptive cases ) For professionals the limit is Rs 50 Lakhs.

44AB Tax Audit limit for FY 2019-2020

-A person carrying on business, if his total sales, turnover or gross receipts exceed Rs. 1 crore.

This provision is​ not applicable to the person, who opts for presumptive taxation scheme under section 44AD​ and his total sales or turnover doesnot excceeds Rs. 2 crores.

A person carrying on profession, if his gross receipts in profession for the year exceed Rs. 50 lakhs.