Partnership firm

This query is : Resolved 

04 June 2015 my partnership firm has sale of 40 lakh rupees but its has only 800 rupees profit. Do i need to do audit of my firm? Please explain

04 June 2015 yes. if it is liable to get the audit done

04 June 2015 but i filed my return manual and i didnt conduct audit for a.y 2014-15. What to do now?

04 June 2015 file the audit report online and file the return too.

and submit an application to the AO stating the facts including for filing of online audit report and return as per rule 12 of the income-tax rules

04 June 2015 Isnt it attract penalty of not filling audit

04 June 2015 that penalty can still be levied even now!

04 June 2015 Is there any other solution to skip penalty


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details