Is Tax Audit applicable for a partnership firm if the turnover is Rs. 60 Lakh?

Balkrishna Kulkarni (Chartered Accountant) (21 Points)

23 September 2019  

Please let us know the applicability of Tax Audit in the following case,

Entity: Partnership Firm

Total Turnover in AY 19-20 Rs. 60 Lakh.

Net Profit is less than 8%