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?
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
U/s. 44AB AY 2017-18 tax audit applicable if it's run as Profitable also Audit applicable for Loss
20 October 2017
No need of tax audit. Inference - 44AD(4) read along with (5).
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