is audit of partnership firms made compulsory ? please clarify ?
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audit of partnership firms
Replies (7)
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
yes
Yes It should be made compulsory keeping in view the indian business environment.
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
i m agree with vijay
I want Partnership Appopriation account in Tally just like Profit & Loss Account
or in Profit and Loss account
Please contact anybody urgently
Dear Sir,
Can partnership Firm accept loan from their statutory auditor?
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