I am a partner in a firm having turnover around Rs 30L having profit Rs.68k. Which tax audit clause is applicable?? If firm is in loss, Can I file return without auditing books of account??
I am not offering a profit of 8% of 30Lakhs, and my profits exceeds minimum amount chargeable to Tax, Will ther is any requirement of audit of books of account (Sec 44AD)???
CAclubindia
