Compulsory tax audit in case of loss in partnership firm
This query is : Resolved
27 September 2017
Dear Exerts,
Registered the firm in FY16-17.
Total Revenue: 8L
Nett Loss: 50K
Is tax audit required in this case?
Registered the firm in FY16-17.
Total Revenue: 8L
Nett Loss: 50K
Is tax audit required in this case?
27 September 2017
Tax audit not required. Inference - 44AD(4) and (5).
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