Audit for partnership firm with annual turnover less than 1.5 cr, is compulsory for 16-17 financial, or it ll be compulsory from the current session 17-18?
Pls help.
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Audit for partnership firm for the year 16-17
Replies (5)
The limit for 44AB audit continue to be 1 crore. If you opt for Presumptive tax in case of eligible business you can go upto 2 Crores without audit.
Same is applicable for partnership firm?
in 44 ab limit 1 crore and presumptive scheme 2 crore
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