44ab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2015
PARTNERSHIP FIRM
sale 5775000/-
gross profit 526000/-
net profit 2200/-
no partner interest
no partner salary
IS AUDIT REQUIER OR NOT
is 8% formula applicable or not
PARTNERSHIP FIRM
sale 5775000/-
gross profit 526000/-
net profit 2200/-
no partner interest
no partner salary
IS AUDIT REQUIER OR NOT
is 8% formula applicable or not
CA R SEETHARAMAN
(Expert)
17 August 2015
Audit is not required in view of turnover below 1 crore and profit below basic exemption limit.
Message likes :
1 times
17 August 2015
@ Questioner
Audit is required.
@ Seetharaman Ji
Assessee is a partnership firm which has no basic exemption limit.
Audit is required.
@ Seetharaman Ji
Assessee is a partnership firm which has no basic exemption limit.
Message likes :
1 times
CA R SEETHARAMAN
(Expert)
17 August 2015
I agree with Mr. Chackrapani Warrier.
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