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firms audit

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(Querist)
10 July 2017 why now for AY 2017-18 need to Audit when Interest n remuneration paid to partners? is there required to audit when we shown 8% profit also.?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
10 July 2017 No then no requirement to get audited except your turnover exceed 2 crore.
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
11 July 2017 Audit is not required for presumptive income
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