AUDIT APPLICABILITY IN CASE OF SMALL PARTNERSHIP FIRM HAVING TO <1 CR
This query is : Resolved
08 July 2023
partnership firm having turnover of 10 lac and profit is of rs 3000 whether audit required or not ??
can we file itr 5 with normal balance sheet and p and l ?
can we file itr 5 with normal balance sheet and p and l ?
08 July 2023
Less than 8% profit tax audit required.
08 July 2023
In case of loss tax audit not required.
08 July 2023
thanks, if we file with loss and fill balance sheet and profit and loss account figures in itr 5 then we have to select maintain accounts us 44aa or not ?? and we have to select filing return us 44ad as no ??
08 July 2023
Select yes for maintenance of accounts.
No for 44AD.
No for 44AD.
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