Audit for a.y. 2017-18

Rahul M Matang (CA Final) (53 Points)

06 July 2017  

I have a partnership firm. If my turnover is below 1 Crore Rss, say Rs. 90 Lakhs, and i am having profit of Rs. 3 lakh which is below 6% of my turnover after allowing remuneration and interest to partners. Will i have to get my accounts audited or not ?