You need 2 keep complete record. Once it exceed 20L you need to get it audited by a .CA or cost accountant.
Charu Mathur, Advocate Supreme Court of India
Registration will make it mandatory to file returns
Guest
on the authenticity of partners obviously...firm not being a living person, so partners are the person who will make sure that what turnover the firm has achieved on tha basis of books of accounts and bills raised...in case turnover exceeds , then get the firm registered
CAclubindia
