Tax Audit is applicable under section 44AB to individual taxpayers in case of Income from Business/Profession.
Here's a quick read on Tax audit applicability for Traders
The table below shows the tax audit applicability for AY 2022-23.
Income from Business
|Turnover||Profit >= 6%||Profit < 6% (Including Loss)||Cash Payments > 5%||Cash Receipts > 5%|
|Up to 25 Lakhs||Not Applicable||Applicable||Not Applicable||Not Applicable|
|25 Lakhs to 1 Cr||Not Applicable||Applicable||Not Applicable||Not Applicable|
|1 Cr to 2 Cr||Not Applicable||Applicable||Applicable||Applicable|
|2 Cr to 10 Cr||Not Applicable||Not Applicable||Applicable||Applicable|
|Above 10 Cr||Applicable||Applicable||Applicable||Applicable|
Income from Profession
|Turnover||Profit >= 50%||Profit < 50% (Including Loss)|
|Below 1.5 Lakhs||Not Applicable||Applicable|
|1.5 Lakhs to 50 Lakhs||Not Applicable||Applicable|
|Above 50 Lakhs||Applicable||Applicable|
Read more about Tax Audit under section 44AB