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Partneship firm taxability UNDER 44AB

This query is : Resolved 

17 August 2023 Firm having turnover of Rs. 44 lakh wants declare profit around to 1% so it is compulsory to go for audit u/s 44AB(a).
firm newly incorporated in FY 2022-23 and filing first time income tax return
QUESTION

1). IF FIRM WANT TO FILE NORMAL RETURN OF INCOME WITHOUT AUDIT THAN MAINTENANCE OF BOOKS OF ACCOUNT IS COMPULSORY??

2). AT THE TIME OF FILING RETURN UTILITY SHOWING ERROR THAT YOU HAVE NOT MAINTAINED BOOKS OF ACCOUNT

17 August 2023 No. Not mandatory.

10 September 2024 Good Luck.


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