24 June 2020
HELLO SIR, MY CLIENT IS PARTNERSHIP FIRM, HE GET HIS ACCOUNT AUDIT UNDER SEC 44AB FOR LAST 3 YEAR, NOW F.Y. 2019-20 TURNOVER IS 82,00,000 AND PROFIT IS LESS THEN 8%/6% AND MAINTAIN BOOKS OF ACCOUNTS AS PER SEC 44AA. MY QUESTION IS 1} IN THIS CASE A.Y 2020-21 TAX AUDIT IS APPLICABLE ? IF YES SO GIVE ME SEC. NOTE. 2} IT IS COMPULSORY TO GET ACCOUNTS AUDIT FOR CONTINUES FOR 5 YEAR ? IF YES SO GIVE ME SEC. NOTE.
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