Tax Audit of U/S AAAB
This query is : Resolved
DEVI SINGH PARIHAR
(Querist)
11 September 2022
If a partnership firm incorporated on 01/10/2021 and turnover for F/Y 2021-22 is 85 lac and net profit after Interest to partner and remuneration is 4.50 lacs (< 6/8% of turnover) whether he can file ITR by filling complete Balance and profit & loss account or tax audit u/s 44AB is require for F.Y. 2021-22.
CA R SEETHARAMAN
(Expert)
11 September 2022
Tax audit not required, file ITR by filling complete Balance and profit & loss account
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