Tax Audit applicability or not

This discussion clarifies tax audit applicability for individuals with gross receipts of Rs 12,00,000 for FY 19-20. If choosing to file under normal provisions instead of Section 44AD, filing ITR-3 is an option without an immediate audit report. However, a minimum profit of 8% for general businesses or 50% for service providers must be declared. If expenses exceed this declared profit, a tax audit under Section 44AD becomes mandatory, requiring the upload of a tax audit report.