Tax audit report

Sir,

my gross profit is 6.31% and net profit 8.91% Please advise can we need for tax audit.
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Quick Summary
This discussion addresses whether a tax audit is required for a business with a turnover of Rs 795,6231/- and profit margins of 6.31% gross and 8.91% net. Generally, a tax audit is mandatory if a business's sales, turnover, or gross receipts surpass Rs 1 crore in a financial year.

What's your total turnover
Sir, my turn over is Rs. 7956231/-
A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed Rs 1 crore in the financial year. 

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