Tax audit
This query is : Resolved
30 October 2017
Is tax audit is compulsory for partnership firm of turnover 42lakhs for A.Y. 2017-18? and whether benefits of interest on capital and salary remuneration can be claim of turnover 42 lakhs for A.Y. 2017-18?
30 October 2017
Tax Audit not applicable for the above mentioned turnover. Very much you can claim interest & remuneration.
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30 October 2017
Dear Mr CA Ysil Karunai Sir.,
AY 17-18 Tax Audit required Partnership Firm except 44AD...
Correct me if I'm wrong...!
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30 October 2017
Unless your profit is less than proscribed percentage of 8% or 6% u/s 44AD, Tax Audit in not applicable.
30 October 2017
Okay Sir.,
Okay I agreed U/s 44AD less than the limit....
But, Except 44AD....???
Okay I agreed U/s 44AD less than the limit....
But, Except 44AD....???
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