Accounting And Audit 8 September 2026
Navigating India's Tax Audit Thresholds: Who Triggers a 44AB Audit?
The article breaks down the income tax and GST pyramid in India, pinpointing the exact turnover levels that activate a mandatory tax audit under Section 44AB. It clarifies the distinction between business and professional turnover limits, outlines the filing steps for company income tax returns, and highlights the consequences of exceeding the specified thresholds, helping taxpayers understand their position in the tax hierarchy.
The Income Tax and GST pyramid places taxpayers at different levels based on turnover. Section 44AB mandates an audit when:
- Business turnover exceeds ₹1 crore (or ₹5 crore for certain professions).
- Professional receipts cross the specified limit.
If your figures breach these limits, a tax audit is triggered, requiring detailed reporting and compliance. The guide also walks you through filing a company income tax return step‑by‑step.
For the full analysis, see the original article here.
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