Partenership firm with no turnover but having loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2013
Sir, i have a query regarding audit. A Partenership Firm with no turnover but having loss, should we audit the firm or no need to audit.
06 August 2013
Audit is mandatory since the firm is showing a loss (less than 8% of gross receipts).
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