who is liable for Tax audit

For any income under head 'PGBP' where section 44AB is aplicable.......

whose gross receipt exceed 1 cr in company and 50 lakh and above in profession is livable to tax audit

TAX AUDIT IS APPLICABLE IN FOLLOWING SITUATIONS
1) If an assessee having business turnover of more than 1 Crore
2) if an assessee having professional receipts more than 50 lakhs
3) if assessee opt for Presumptive taxation limit is 2 crore
4) if assessee fails to opt Presumptive taxation u/s 44AD, 44ADA for a continues period of 5 years