Section 44AB in Income Tax Act 2025: New Sections

As enacted

section 63(1) [Table Sl.1(a)]Act page 113

Tax audit where total sales, turnover or gross receipts in business exceed one crore rupees

Amount in the Act: ₹1,00,00,000
1961 Act: 44AB(a)

section 63(1) [Table Sl.1(b)]Act page 113

The one-crore limit reads as ten crore rupees where cash receipts and cash payments each do not exceed 5%

Amount in the Act: ₹10,00,00,000
1961 Act: 44AB(a) proviso

section 63(1) [Table Sl.1(c)]Act page 113

Tax audit where gross receipts in profession exceed fifty lakh rupees

Amount in the Act: ₹50,00,000
1961 Act: 44AB(b)

Source: the enacted text of the Income-tax Act, 2025 [30 of 2025], as amended by the Finance Act, 2026, page 113. This page sets out the Table entry as read from the Act; read the section and the Notes to its Table before relying on it for a return or an opinion.

Questions this answers

What is section 44AB called in the Income-tax Act, 2025?

In the Income-tax Act, 2025, 44AB(a) is section 63(1) [Table Sl.1(a)], 44AB(a) proviso is section 63(1) [Table Sl.1(b)] and 44AB(b) is section 63(1) [Table Sl.1(c)]. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.

What does section 63(1) [Table Sl.1(a)] of the Income-tax Act, 2025 provide?

Tax audit where total sales, turnover or gross receipts in business exceed one crore rupees. The amount in the Act is ₹1,00,00,000.

What does section 63(1) [Table Sl.1(b)] of the Income-tax Act, 2025 provide?

The one-crore limit reads as ten crore rupees where cash receipts and cash payments each do not exceed 5%. The amount in the Act is ₹10,00,00,000.

What does section 63(1) [Table Sl.1(c)] of the Income-tax Act, 2025 provide?

Tax audit where gross receipts in profession exceed fifty lakh rupees. The amount in the Act is ₹50,00,000.

Section 44AB in the Income-tax Act, 2025