banner_ad

audit of partnership firms

Others 7201 views 7 replies
User Avatar

Final Student
132 Points Posted on 07 September 2007

 

is audit of partnership firms made compulsory ? please clarify ?

1 Reply Share Follow
On 07 September 2007 at 22:28 Report
Replies (7)
User Avatar

53 Points Posted on 07 September 2007
tax audit is compulsary if gross receipts exceed 10 lacs /40 lacs as the case may be but as per partnership act there is no requirement for stat audit, however the partners can provide otherwise in the deed
1 Reply
On 07 September 2007 at 23:54
User Avatar

Chartered Accountant
4772 Points Posted on 08 September 2007
yes
Reply
On 08 September 2007 at 10:22
User Avatar

CA
321 Points Posted on 09 September 2007
Yes It should be made compulsory keeping in view the indian business environment.
Reply
On 09 September 2007 at 11:36
User Avatar

Advocate
17 Points Posted on 14 September 2007
Only is case where the gross receipts exceed 10 lacs /40 lacs as the case may be, is complusary & from A.Y. 2007-08 e-filling is being made mandatory & no paper submitting of the return for a Auditable Partnership firms
Reply
On 14 September 2007 at 14:19
User Avatar

Article (Final Result waited)
391 Points Posted on 18 September 2007
i m agree with vijay
Reply
On 18 September 2007 at 13:55
User Avatar

Guest
460555 Points Posted on 24 September 2008

I want Partnership Appopriation account in Tally just like Profit & Loss Account

or in Profit and Loss account

Please contact anybody urgently

Reply
On 24 September 2008 at 16:13
User Avatar

Student
40 Points Posted on 05 August 2016

Dear Sir,

Can partnership Firm accept loan from their statutory auditor?

Reply
On 05 August 2016 at 13:45


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details