44AB tax audit applicability to partnership firm

if turnover is 67 lkh and profit is below 6 % tax audit is applicable or not ?? no remuneration and interest paid on capital
Replies (3)
Quick Summary
This discussion clarifies the applicability of Section 44AB tax audit for partnership firms. If your firm's turnover is under £1 crore (67 lakhs) and your declared profit is less than 6% of turnover, a tax audit is generally not required, especially if no remuneration or interest is paid on capital. This exemption aims to simplify compliance for smaller businesses.

Same is applicable as income is below 6%
Ok thnx
Welcome Dear

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details