Tax audit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2017 If Turn over is less than one Crore & there is loss in Partnership firm .Is audit required?

RAJA P M (Expert)
Follow

19 October 2017 Yes... Tax audit required...
U/s. 44AB AY 2017-18 tax audit applicable if it's run as Profitable also Audit applicable for Loss

Bhaskaran Chackrapani Warrier (Expert)
Follow

20 October 2017 No need of tax audit. Inference - 44AD(4) read along with (5).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess