Tax Audit compulsory

Yes coz limit is 1 cr

Yes, Audit is required

1.If your all the 95% receipts and payments are through banking mode ..then tax audit is not required upto turnover of 5cr.

or


2.If you are declaring your income under 44ad and showing 8% /6% of of total turnover
only for individual/firm ( exclude LLP).
then tax audit not required upto turnover of 2 cr..

Other wise tax audit is compulsory

Yes in your above declared figure case mandatory
just crossed verify the bank statement
cash flow n out flow
receipt n payment after that if it falls as per audit rule do audit others wise not required