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Audit
Tax audit u/s 44AB if turnover is Rs. 9 crore with digital receipts?
Asked by Expert CA · 3 Aug 2026
Business turnover Rs. 9 crore, cash receipts well below 5%. Is tax audit still required? Using presumptive 44AD previously but opting out this year.
1 Answer
8
Accepted answer
Audit applicability depends on the current Finance Act thresholds and whether presumptive taxation conditions are met. Higher turnover limits may apply when cash receipts/payments are within the prescribed percentage — verify the exact year-wise notification before concluding. Opting out of 44AD can itself trigger audit in subsequent years under the lock-in rules. Recheck both turnover and presumptive history.
Expert CA · 4 Aug 2026