In a partnership firm, partners claimed remuneration amd interest on capital for the AY 2017-18.
Turnover is around 30 lakhs.
In 2017-18 did audit mandatory if partners claimed remuneration?
Department send a notice with demand. said that no remuneration is allow without audit. and imposed a demand.
Now please suggest a way to win the case anyway...
Menu
Accounts should be audited or not?
Replies (5)
Quick Summary
Send me the demand notice at sabyasachimukherjee7098 @ gmail.com
@ sabyasachi mukherjee in AY 2017-18 audit is mandatory or not?
@ Debiprasad ji....Can you let me know,
At that time, Partnership doing what.. Business or Profession ?
Total income under head Business and profession as disclosed in Return in A.Y 2017-18..?
At that time, Partnership doing what.. Business or Profession ?
Total income under head Business and profession as disclosed in Return in A.Y 2017-18..?
@ sagar doing business. if business profit was below 8%.
Total income under head Business and profession as disclosed in your return in A.Y 2017-18 i.e remuneration+interest+other ?
Your income under PGBP, not of firm.
Your income under PGBP, not of firm.
Recent Topics :
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
Related Topics :
CAclubindia
