Audit of accounts of certain persons carrying on business or profession.

Rahul Kumar Agrawal (42 Points)

02 September 2018  
44AB. 50Every person,—

[a] carrying on business shall, if his total sales, turnover or gross receipts, as the case may be, in business exceed or exceeds one crore rupees in any previous year; or

MY QUESTION IS - IS IT SALE DIFFERENT FROM TURNOVER ?
AND IF I PURCHASE GOODS WORTH 1 CRORE OR ABOVE, SHALL I HAVE TO GET MY A/c AUDITED ?