statutory audit

Audit under Income Tax.
a) Under section 44AB.if his total sales, exceeds one crore rupees.
b) Under section 44AD if assesee has claimed income lower than 8% of turnover and his income exceeds the maximum amount which is not chargeable to income-tax.
Audit under GST act
COMPULSORY AUDIT OF GST – SECTION 35(5):
• Every registered person
• Whose turnover during a financial year exceeds Rs. 2 crores

These above are kind of Statutory Audit but not exactly the same,  since it is required by Income Tax Act/GST law but not for any particular type of organization but for all organizations fulfilling the provisions of Income Tax Act/GST law to get Tax Audit done

I think u/s 44AB it's limit 2 crore .......

No Faheem.

Limit of turnover for audit u/s 44AB is 1 crore only.

limit has been changed 1 crore to 2 crore

limit 2 crore is for section 44AD

For 44AD it's Rs. 2 crore but for 44AB is Rs. 1Crore

if we file 44AD so there is no require tax audit if our sale is below 2 crore.....what the concept of 1 crore for tax audit???