Tax audit applicability

Artisharma (CA ) (25 Points)

21 July 2017  

In case of a partnership firm whoes net profit for the year is negative, is tax audit required?

Is following section 44ADA compulsory for a chartered accountant firm in order to avoid tax audit and maintanance of books?

In case of not following this section and having income above 8%, is tax audit compulsory?