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44 ab

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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
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RAJA P M

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RAJA P M (Expert)
14 June 2018 No...
If Partnership firm then Tax Audit required as per sec 44AB for the above said way...
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