Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
This query is : Open
01 September 2026
Respected Sir
Newly Partnership Firm (Laboratory Firm) incorporated on 01/01/2026
Gross Receipt of Firm 1.50 Lakh Net Profit after Remmuneration is 0 (Zero)
there are Two Partner (laboratory technician ) both Having Degree B.Sc. MLT
My First Question Can We Opt 44 Ad For this Partnership Firm for A.Y. 2026-27
My Second Question is If We Filed under Regular Books of account Maintained and Declare Profit 0
(Below 6% or 8 % ) then audit is applicable or Not ?
Newly Partnership Firm (Laboratory Firm) incorporated on 01/01/2026
Gross Receipt of Firm 1.50 Lakh Net Profit after Remmuneration is 0 (Zero)
there are Two Partner (laboratory technician ) both Having Degree B.Sc. MLT
My First Question Can We Opt 44 Ad For this Partnership Firm for A.Y. 2026-27
My Second Question is If We Filed under Regular Books of account Maintained and Declare Profit 0
(Below 6% or 8 % ) then audit is applicable or Not ?
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