Tax Audit Limit

No No...

please refer once again the FB 2020...

The limit increase under FB 2020 is when you are having 95% of trabsactions though Bank and less than 5% in cash.

However the presumptive tax limit is not increased.

Let me put down the changes in 44AB

Turnover limit is 1 crore or more for assessees in general but but

Turnover limit will be 5 crores for those assessees (effective from FY 2020-2021)
---who has 95% or more of total receipts in digital mode /bank and
---who has 95% or more of total Payments in digital mode / bank

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For 44AD presumptive taxation turnover limit is as it is , upto 2 crores. No amendment in 44AD