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tax audit for partnership firm in loss

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(Querist)
20 June 2017 Dear experts, we have formed a partnership firm on August 2016. The firm is in prototype development stage so there is no revenue generated. I want to carry forward the losses from FY 2016-17. my query is,to carry forward the losses is it necessary to do tax audit
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
20 June 2017 As income is less than8% you are rquired to get tax audit
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
13 October 2021 For partnership there is no exemption limit. It means loss is below exemption limit; hence no tax audit in case of loss ...
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