Regarding applicability of Tax audit u/s 44AB for partnership firm
This query is : Resolved
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Suresh S. Tejwani
(Querist)
13 September 2025
If partnership firm has turnover less than 1 Cr and profit is less than 8% (i.e. 0 after distribution of remuneration and interest)then tax audit u/s 44Ab shall be applicable?
Dhirajlal Rambhia
(Expert)
13 September 2025
No; unless opted for sec. 44AD in any of preceding FIVE years...
Dhirajlal Rambhia
(Expert)
15 September 2025
Good Luck...
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