24/08/2026
Think your turnover crosses โน1 crore, so tax audit is compulsory? Not always! ๐
Tax audit limits can go up to โน10 crores, depending on the nature of your business/profession and specific conditions.
๐ 44AD: Up to โน2 Cr
๐ฐ With prescribed cash conditions: Up to โน3 Cr
๐จโ๐ผ 44ADA โ Professionals: Up to โน50 Lakhs
๐ณ With the prescribed 5% cash receipt/payment condition: Up to โน75 Lakhs
๐ข Tax Audit: Up to โน10 Cr with applicable conditions
โ ๏ธ Every limit comes with different conditions. So don't assume โโน1 Cr turnover = tax audit.โ
๐ฅ Watch the reel to understand the limits and conditions that may apply to you.
๐ฌ Comment โTAX AUDITโ and we'll help check your eligibility.
๐ Sharpace Consultancy โ Get your tax matters right.