A partnership firm having turnover of 5100000 for FY 2024-2025 . Net Profit after partner salary and partner interest is 9000.Total cash receipt are 25 % of total receipts and total cash payment are 6.65% of total payments.For last 5 years tax audit was done under 44AB(e) of Income Tax Act. Will tax audit be applicable for FY 2024-2025?
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Partnership Fimr
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Yes, as replaied earlier, applicable u/s. 44AB(e) r.w.s. 44AD(4) & 44AD(5)....
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