Tax Audit for partnership firm
This query is : Resolved
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pranab sarma
(Querist)
29 June 2024
Does tax audit is mandatory for a partnership firm having turnover Rs. 1,14,00000/- (One crore fourteen lakhs) for the financial year 2023-24 or we can OPT presumptive taxation u/s 44AD
Please suggest, thank you
Please suggest, thank you
Dhirajlal Rambhia
(Expert)
29 June 2024
Yes, if eligible business, PF can opt for presumptive assessment u/s. 44AD IT act.
Dhirajlal Rambhia
(Expert)
29 August 2024
Good Luck.
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