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Auditor Appointment
If I am running a partnership firm but my turnover from business is Rs.4000000 only and I am apppoined him as auditor his he statutory auditor or tax auditor and when should returns be filled?
Replies (5)
Quick Summary
Tax Audit is applicable. There is no statutory audit for partnership firm.
When should he file returns as in this case it is not mandatorily required audit is it 31.7.2020 or 30.9.2020
Based on Turnover firm is liable for Tax Audit. Hence due date will be 30th sep
If his turnover is 50 lacs from business but opted for voluntary audit then when should he file returns 31.7.2020 or 30.9.2020
There is no Voluntary Audit Concept.If firm ( other than LLP ) declaring income lower than Sec 44AD , Tax audit is applicable.If tax audit applies, due date is 30th sep
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