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Audit requirement in case of partnership firm

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13 July 2017 ABC & Co. a partnership Firm Having a profit before remuneration is Rs.36000 and Rs. 36000 is distributed as remuneration to the partner. Therefore profit after remuneration is 0. Is the partnership Firm is required to get its accopunt audited U/S 44AB.
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
13 July 2017 Kindly check the profit percentage before partner remuneration
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
13 July 2017 If profit is claimed less than 8% than you have to get yours books audited
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