Tax
Audit Threshold
Also known as: Tax Audit Limit, Audit Limit
Income or turnover limits beyond which mandatory tax audit is required.
Detailed Explanation
Audit thresholds determine when businesses must undergo mandatory tax audits. For F&O trading under regular books, audit is required if turnover exceeds ₹10 crore. Under presumptive taxation, audit becomes mandatory if you declare profits below the presumptive rate and total income exceeds exemption limits.