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Salary to partners and 44ad

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(Querist)
26 April 2018 Dear Expert
a Partnership Firm has turnover of 20lakh. Profit before salary to partners Rs 2,00,000 ( 10%). after claiming deduction of salary, Rs 50000 ( 2.5% ). Firm don't want to opt for 44AD and regular books are maintained. My Q is can we file return without TAX AUDIT, Maintaining P&L Balance sheet and declaring less than 8% profit by claiming deduction of salary ?

Or it is compulsory to do tax audit if taxable profit is less than 8%
Kindly guide
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 April 2018 Yes it is compulsory to do tax audit if taxable profit is less than 8% for firms.
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RAJA P M

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RAJA P M (Expert)
26 April 2018 Yes... Tax Audit is required if less than 8% of profit.
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