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Auditor Appointment

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374 Points Posted on 14 April 2020
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?
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On 14 April 2020 at 09:42 Report
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Article Assistant
411 Points Posted on 14 April 2020
Tax Audit is applicable. There is no statutory audit for partnership firm.
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On 14 April 2020 at 10:35
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374 Points Posted on 14 April 2020
When should he file returns as in this case it is not mandatorily required audit is it 31.7.2020 or 30.9.2020
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On 14 April 2020 at 11:26
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Article Assistant
411 Points Posted on 14 April 2020
Based on Turnover firm is liable for Tax Audit. Hence due date will be 30th sep
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On 14 April 2020 at 11:35
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374 Points Posted on 14 April 2020
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
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On 14 April 2020 at 13:07
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Article Assistant
411 Points Posted on 14 April 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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On 14 April 2020 at 13:19


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