Tax audit

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Bikram Mandal (Querist)
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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?

CA Ysil Karunai

CA Ysil Karunai (Expert)
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30 October 2017 Tax Audit not applicable for the above mentioned turnover. Very much you can claim interest & remuneration.

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RAJA P M

RAJA P M (Expert)
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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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CA Ysil Karunai

CA Ysil Karunai (Expert)
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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.

RAJA P M

RAJA P M (Expert)
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30 October 2017 Okay Sir.,
Okay I agreed U/s 44AD less than the limit....

But, Except 44AD....???

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