Following persons are required to get their books of account audited and obtain audit report: (i) Every person carrying on business if so required under section 44AB (ii) Every person carrying on the business shall, if the profits and gains from the business are deemed to be the profits and gains of such person under section 44AE or section 44BB or section 44BBB as the case may be, and he has claimed his income to be lower than the profits or gains so deemed to be the profits and gains of his business, as the case may be, in any previous year. (iii) Every person carrying on profession if the total receipts from such profession are 50 lakhs or more for the previous year 2024-25 (iv) Any professional covered by section 44ADA if he claims his total income to be lower than 50% of the gross receipts and his total income exceed maximum amount not chargeable to tax (v) Any person whose case is covered by section 44AD(4) and his income exceeds the maximum amount which is not chargeable to tax