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Audit in case of loss

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(Querist)
03 August 2017 I have a business loss of 54000 on turnover of Rs. 750000. Is audit compulsory ?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 August 2017 if you have no salary income (in excess of Rs 2.5 lakhs) then no audit is required in this case.
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Nikita

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Nikita (Querist)
03 August 2017 Mine is partnership firm
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 August 2017 don't mind...but please be specific in your queries in the first place!
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Nikita

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Nikita (Querist)
03 August 2017 OK pls tell what to do now
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Nikita

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Nikita (Querist)
03 August 2017 OK pls tell what to do now..
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