Tax audit in case of commission income

Section 44AD is not applicable to commission income, therefore profit can be declared as less than 8%. Tax audit is applicable if the turnover exceeds Rs. 1 crore provided if the cash receipts is less than 5% of total receipts and cash payment is less than 5% of total cash payment, then tax audit will be applicable if turnover is more than Rs. 10 crore.

Can I file the tax return without tax audit if I'm earning only commission income