44 AB applicability
This query is : Resolved
29 November 2019
Dear all
A Partnership firm is having turnover of Rs 20 lakhs and net profit after payment of interest and remuneration is Rs 0(zero) for the asst year 2019-20 whether this firm is required to get accounts audited or not kindly clarify ( earlier also this firm was not filed return u/s 44AD)
thanks
A Partnership firm is having turnover of Rs 20 lakhs and net profit after payment of interest and remuneration is Rs 0(zero) for the asst year 2019-20 whether this firm is required to get accounts audited or not kindly clarify ( earlier also this firm was not filed return u/s 44AD)
thanks
30 November 2019
Audit not required as there's no taxable income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
