Audit Applicability in case of Loss or no profit for Partnership Firm

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20 February 2023 whether tax audit is applicable in case of P'firm/ Pvt Ltd having no profit or loss?
Is the loss including of Remuneration and Interest paid to partners?

20 February 2023 In either case the limit for tax audit will be Rs. 1 cr or 10 Cr. based on cash receipts or payments being less then 5% or not. [For professional income its Rs. 50 lakhs.]
But in case of partnership firm needs to be checked applicability of sec. 44AD (4) & (5) w.r.t. sec. 44AB(e) of IT act.

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