For tax year 2026-27, a partnership firm’s business turnover is ₹12 crore and no special exemption applies. Which provision requires the firm to get its accounts audited for income-tax purposes?

Section 63 of the Income-tax Act, 2025 requires a person carrying on business to get the accounts of the tax year audited by an accountant if turnover exceeds ₹1 crore, or ₹10 crore where cash receipts and payments are each within 5%; ₹12 crore exceeds both limits. Section 62 deals only with keeping books of account, section 428(c), as substituted by the Finance Act, 2026, levies a fee for failing to get accounts audited, and section 44AB was the corresponding provision of the 1961 Act, which no longer governs tax year 2026-27.