Whether Tax Audit is Required to be Done ?

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This discussion clarifies whether a tax audit is required for a partnership firm, particularly concerning turnover thresholds and different Income Tax Return (ITR) forms. The expert advises that filing under Section 44AD is possible without a tax audit, even with significant turnover, as the audit is not applicable in such cases.

15 December 2020 Dear Expert,
Whether Tax Audit is Required to be Done ?

Partnership Firm,

FY Sale Purchase Profit Return Filled
FY 2015-16 No Yes 0 ITR 5
FY 2016-17 No Yes 0 ITR 5
FY 2017-18 6,900,000 Yes Above 8% ITR 4 - u/s 44 AD
FY 2018-19 30,950,000 Yes Above 8% ITR 5 - u/s 44 ABA
FY 2019-20 5,100,000 Yes Above 8% Whether Tax Audit is Required to
be Done ? Or we can file u/s 44AD

Expert Request you to Kindly Advice.

15 December 2020 You can file u/s 44AD without any tax audit

28 October 2021 Tax audit not applicable.


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