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Composition scheme

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 May 2018 Sir
Can partnership business can apply composition scheme. Kindly advise. Me..
And what is the turnover limit?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
13 May 2018 Yes a partnership firm can also opt for composition. The turnover limit for opting for composition is Rs. 1.5 crore.
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 May 2018 Thanku very much sir
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
15 May 2018 You are welcome. Kindly use the thanks button to convey your thanks.
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