✅ As per the Companies Act (India):

Statutory Audit is mandatory for:Private Limited Companies If turnover exceeds ₹1 crore or capital is more than ₹50 lakh. Public Limited Companies Mandatory annual audit regardless of turnover. LLPs (Limited Liability Partnerships) If turnover > ₹40 lakh or capital contribution > ₹25 lakh. Internal Audit (Section 138) is mandatory for: • Listed Companies • Unlisted Public Companies meeting any of these: Turnover > ₹200 crore Outstanding loans/borrowings > ₹100 crore • Private Companies meeting: Turnover > ₹200 crore or Loans > ₹100 crore ✅ As per Income Tax Act (Section 44AB): Tax Audit is mandatory if: Business turnover > ₹1 crore (general case) Business turnover > ₹10 crore (if 95%+ transactions are digital) Professionals with receipts > ₹50 lakh If you opted for presumptive taxation and violated its conditions ✅ GST Audit Requirements:If aggregate turnover exceeds ₹5 crore in the financial year: File GSTR-9C (reconciliation statement) – self-certified audit (no CA certification required from FY20–21 onwards). ✅ Trusts and NGOs: Audit is mandatory if:Registered under Section 12AB and income exceeds the basic exemption limit (₹2.5 lakh if no exemption). Required under the trust deed or donor conditions. ✅ Societies / Cooperatives / Housing Societies: Audit is compulsory every year under state laws (e.g., Maharashtra Co-operative Societies Act). ✅ Startups / MSMEs:If they have external investors, funding, or bank loans – audits are usually