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Applicability of tax audit on partnership firm

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25 August 2017 ABC & Co. is a partnership firm having profits of Rs.36000 before remuneration but after interest to partners. After providing for remuneration, taxable profit becomes 0. Whether the firm is required to get its books of a/cs audited, considering the provisions of Sec. 44AD where it is stated that books are required to get audited if total income exceeds the maximum amount not chargeable to tax?
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
25 August 2017 tax audit is applicable if profit is less than 8percent of turnover
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