Tax audit for procession

My client giving consulting service and not opted for presumptive taxation u/s 44 ADA.

Gross receipt of my client is below 50lacs and declared profit below 20%.

we need to do tax audit as income declared below 50%?
Replies (2)
Quick Summary
This discussion clarifies when a tax audit is necessary for consultants providing services who haven't chosen presumptive taxation under Section 44 ADA. Even with gross receipts below £50 lakh and declared profits under 20%, a tax audit may still be required if the declared income falls below 50% of the gross receipts.

Yes tax audit will apply
Yes tax audit will required

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