Tax audit?

In general,   ..... NO ... except for non-eligible business u/s. 44AD, and having TO more than 1 Cr.

Condition of 44ab tax audit is turnover should exceed 2 crores. if not, then opt for 44ad.. else, give proper balance sheet and profit & loss account in itr 3

Condition of 44AD tax audit is when the assessee opts out of presumptive taxation scheme and in the mandatory 5 years and his income is more than the maximum amount not chargeable to tax. 

Originally posted by : Anmol Davesar
	Condition of 44ab tax audit is turnover should exceed 2 crores. if not, then opt for 44ad.. else, give proper balance sheet and profit & loss account in itr 3

As per sec 44AB limit is Rs. 1Cr...

Assessee will be opt sec 44AD (If eligible) then he can upto 2cr without Tax Audit...