Sandeep Singh & Co.

04/07/2026

New updates effect from 1th july 2026 👇😀

04/07/2026

Contact us for Income Tax Return Filling all over india service available on just whats aap and call
09877411529

04/07/2026

Tds on GST

01/07/2026

01/07/2026

🚨 Important government updates implemented from 1st July 2026!

Do you have any work related to Aadhaar, PAN, Passport or ITR left?

Know the major government changes implemented from 1 July 2026 in this post, whose information is necessary for every citizen.

✅ Aadhaar Update
✅ Passport Rules
✅ PAN Card Update
✅ ITR Last Date
✅ Banking Rules
✅ Credit Card Changes
✅ EPFO Updates

📌 Follow Gyaanosphere for true and trustworthy government information.

📞 Contact:098774 11529

💬 Be sure to share this post with your friends and family to stay updated at all times.

30/06/2026

Section 44ADA

30/06/2026

GSTR-3B is changing from July 2026.

🔒 Get your GST data right before filing—post-filing corrections will be far more limited.

30/06/2026

*📋 Tax Audit Threshold Limits (Section 44AB)*

FY 2025–26 | AY 2026–27

*✅ When Tax Audit is NOT Required under Section 44AB*

*➤ 1. Normal Business (₹1 Crore Limit)*
• Tax audit is not required if turnover does not exceed ₹1 Crore.
• Alternatively, no audit is required if the taxpayer opts for Section 44AD and declares profits at the prescribed presumptive rate:

* 8% of cash receipts, or
* 6% of digital receipts.
* Further, if the total income is below the basic exemption limit, tax audit is generally not applicable under these provisions.

*➤ 2. Professionals under Section 44ADA (₹50 Lakhs Limit)*
• Tax audit is not required if:

* Gross receipts do not exceed ₹50 Lakhs, and
* The assessee opts for the presumptive taxation scheme under Section 44ADA.

*➤ 3. Professionals under Section 44ADA with Digital Transactions (₹75 Lakhs Limit)*
• Tax audit is not required if:

* Gross receipts do not exceed ₹75 Lakhs,
* The assessee opts for Section 44ADA, and
* Cash receipts do not exceed 5% of the total gross receipts.

*➤ 4. Business under Section 44AD (₹2 Crore Limit)*
• Tax audit is not required if:

* Turnover does not exceed ₹2 Crores, and
* The taxpayer opts for the presumptive taxation scheme under Section 44AD.

*➤ 5. Business under Section 44AD with Digital Transactions (₹3 Crore Limit)*
• Tax audit is not required if:

* Turnover does not exceed ₹3 Crores,
* The taxpayer opts for Section 44AD,
* Cash receipts do not exceed 5% of total receipts, and
* Cash payments do not exceed 5% of total payments.

*➤ 6. General Business with High Digital Transactions (₹10 Crore Limit)*
• Tax audit is not required if:

* Turnover does not exceed ₹10 Crores, and
* Cash receipts as well as cash payments do not exceed 5% of the total receipts and total payments, respectively.

*📌 Key Highlights*

✔️ Higher turnover limits are available to taxpayers who predominantly use digital transactions, where the cash component does not exceed 5%.

✔️ Opting for the presumptive taxation scheme under Sections 44AD or 44ADA enables eligible taxpayers to avail the enhanced tax audit exemption limits.

✔️ For professionals, the maximum enhanced exemption limit is ₹75 Lakhs (subject to the digital transaction condition). The ₹10 Crore threshold is not applicable to professionals.

✔️ Even if turnover or gross receipts are below the prescribed threshold limits, tax audit may still be applicable in certain situations, such as:
• Declaring profits lower than the prescribed presumptive rate under Sections 44AD/44ADA (subject to applicable conditions), or
• Other specific cases as provided under Section 44AB of the Income-tax Act.

30/06/2026

Rule 37 vs 37A 👇😀

27/06/2026

Contact us 098774 11529 all over india service available