44 ab
This query is : Resolved
14 June 2018
Sir, My one client is partnership firm. It is first return of partnership firm. Firm total turnover is 2170000/-.But firm has made loss during the year after payment of remuneration to partners 40(b) of Rs. 212500. Should I file loss return in case of partnership firm? whether firm accounts is required to audited u/s 44AB? Should I file loss return in case of firm without audit of accounts u/s 44AB? Please reply fast. It's urgent
14 June 2018
No...
If Partnership firm then Tax Audit required as per sec 44AB for the above said way...
If Partnership firm then Tax Audit required as per sec 44AB for the above said way...
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