Vide Press Release dated 20th June, 2016, CBDT clarifies that
a) If assessee opts normal taxation scheme u/s 44AB
Every person carrying on business to get his accounts of any previous year audited if his total sales, turnover or gross receipts exceed one crore rupees u/s Section 44AB of the Income Tax Act, 1961.
b) If assessee opts Presumptive taxation scheme u/s 44AD(1)
if an eligible person opts for presumptive taxation scheme as per section 44AD(1) of the Act, he shall not be required to get his accounts audited if the total turnover or gross receipts of the relevant previous year does not exceed two crore rupees.
However, the higher threshold for non-audit of accounts has been given only to assessees opting for presumptive taxation scheme under section 44AD. The assesse under normal provision of taxation shall requires to get its accounts audited u/s 44AB if his total sales, turnover or gross receipts exceed one crore rupees during previous year.