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Compulsory tax audit

Tax queries 439 views 3 replies

Hi friends,

 

My client has an tax audit for the decade, for the current Financial Year i.e 2016-17 the Firm turnover is below the limit is the firm come under the Compulsory audit

 

PLEASE guide as soon as possible it is very urgent

Replies (3)

Filing returns is mandatory for partnership firms But tax audit is not mandatory, if TO is below 1 Cr./ 50lakhs  for AY 2017-18

tax audit is compulsory u/s 44AB(a) once the business turnover exceeds the specified limit
good clarification and information


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