For year ending 31/03/2017, a partnership firm having sales turnover of ₹. 3,60,000/- and net profit before interest on capital and salary to partners is ₹. 30,000/-. After claiming salary & interest on capital (3.5%) the net profit reduces to zero.
Does this firm required to get audit report u/s. 44AD or under any other sections?
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Does Audit compulsory?
Replies (1)
Yes...
applicable
applicable
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