banner_ad

Tax on partnership firm

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 December 2013 If Partnership Firm Gross Professional Receipts was Rs 5,26,000/- & showing profit of Rs 22,800/- Firm was liable for Tax Audit u/s 44AB or he needs to show profit 8% of(5,26,000/-) ie Rs 42080 s & pay tax @Rs 13,000/-. Please let me know any alternative available to save the tax.
Profile Image

CA Hardik Bunha

Profile Image

CA Hardik Bunha (Expert)
12 December 2013 22800 8 30% = 6840 is your tax which is less than rs 13000/-.

this is a alternative available.
Profile Image

Vishal

Profile Image

Vishal (Querist)
12 December 2013 can i liable for tax Audit??
Profile Image

Vishal

Profile Image

Vishal (Querist)
12 December 2013 can i liable for tax Audit??
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details