Regarding applicability of Tax audit u/s 44AB for partnership firm

This query is : Resolved 
Quick Summary
This discussion clarifies the applicability of a tax audit under Section 44AB for partnership firms. Generally, if a firm's turnover is less than 1 Cr and profit is below 8% (effectively zero after remuneration and interest), a tax audit is not required. However, this exemption does not apply if the firm has opted for Section 44AD in any of the preceding five years.

Profile Image

Profile Image

(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?
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
13 September 2025 No; unless opted for sec. 44AD in any of preceding FIVE years...
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
15 September 2025 Good Luck...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Jaipal SinghJaipal SinghPro Member Krishna Kumar AKrishna Kumar APro Member Aakash KumarAakash KumarPro Member CA MAHESH MAHATOCA MAHESH MAHATOPro Member Senapathy ThangarajSenapathy Thangaraj
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category