§ 44AB
Presumptive Tax
Tax audit
Income-tax Act, 1961
Requires a tax audit where business turnover exceeds ₹1 crore (₹10 crore if cash receipts/payments are within 5%) or professional receipts exceed ₹50 lakh. The audit report is filed in Form 3CA/3CB and 3CD.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.