TAX AUDIT REQUIREMENTS

For business turnover below 1 cr ....No; unless the tax audit for last year was carried out due to discontinuation of presumptive asseement u/s. 44AD.

1. As per sec 44AB, tax audit will be applicable for a business if its gross receipts or T.O exceeds Rs. 1 crore during the year. 
2. In your case tax audit will not be applicable as your T.O from business does not exceed Rs. 1 crore. 
3. As explained in the above reply as per sec 44AD(4) (failed to show profit u/s 44AD(1) for 5 AY) and by virtue of sec 44AD(5) tax audit will be applicable u/s 44AB if his gross receipts or T.O exceeds basic exemption limit not chargeable to tax. 
4. In other words if you have opted for presumptive scheme u/s 44AD(1) and failed to the continue the same for 5 AY then as per sec 44AD(5) tax audit will be mandatory for the assessee if his gross receipts or T.O exceeds basic exemption limit and even if its gross receipts or T.O  does not exceed Rs. 1 core. 
5. In a nutshell, in your case tax audit, u/s 44AB will not be applicable. 
Please correct me if the above interpretation has an alternative view.