Thresholds used
- Business: turnover above ₹1 crore, or ₹10 crore where cash receipts and cash payments are each within 5%.
- Profession: gross receipts above ₹50 lakh.
- Presumptive cases declaring profit below 6%/8% (business) or 50% (profession) with income above the basic exemption limit.
See the full tax audit guide and Form 3CA vs 3CB vs 3CD.
Frequently asked questions
Is GST turnover the same as turnover for tax audit?
Not always. Tax audit looks at sales, turnover or gross receipts of the business in the books; GST aggregate turnover is computed differently. Reconcile the two.
What is the penalty for not getting a tax audit?
0.5% of turnover, up to ₹1.5 lakh, unless there is reasonable cause.
Do F&O traders need a tax audit?
F&O turnover is computed as the aggregate of absolute profits and losses. Audit applies if that exceeds the limit, or in presumptive cases with lower profit.
Tool last reviewed 10 November 2026. Results are estimates for general guidance and are not professional advice.
Have a tax, GST or business question?
Call, WhatsApp or email CA Dilbagh Singh and team, from Delhi, anywhere in India or abroad.