Tax Audit Applicability

Yes.

Refer: Section 44AB(d)::: 

"[(d) carrying on the business shall, if the profits and gains from the business are deemed to be the profits and gains of such person under section 44AD4 and he has claimed such income to be lower than the profits and gains so deemed to be the profits and gains of his business and his income exceeds the maximum amount which is not chargeable to income-tax in any previous year,] get his accounts of such previous year audited by an accountant before the specified date and that date the report of such audit in the prescribed form duly signed and verified by such accountant and setting forth such particulars as may be prescribed"

Yes...

I agreed to My dear Dhirajlal Sir...