Partnership Fimr

varun bhakkad (Article Assistant ) (49 Points)

26 April 2025  

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?