Tax audit
This query is : Resolved
Rajesh Sharma
(Querist)
30 August 2019
I Have done sale of 6.5.lacs in F.Y. 18-19 of as new partnership firm but i didn't want to file ITR u/s 44AD. My nett Profit is 8.05% before partner salaries. Is Tax audit required.
Amol S Joglekar
(Expert)
30 August 2019
are you going to pay partners' salary?
Rajesh Sharma
(Querist)
30 August 2019
Yes I have to pay salaries
Amol S Joglekar
(Expert)
02 September 2019
if you are ready to show 8% above parenrers salary, then no problem
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