banner_ad

Partnership firm

146 views 2 replies
Dear sir please guide me if file ITR 5 for partnership firm and NP is below 8% or 6% then Audit is mandatory for A.Y 18-19
Turnover 2.5 Lac only
business nature is Jobwork
Replies (2)
Audit is not compulsory if your turnover is less than 1 Crore ... and filing ITR 5..
if you wish to file ITR 4 and offering profit less than 8% or 6% then tax audit applicable
looking to your turnover it is better to offer 8% / 6% profit as the case may be to avoid any litigation.

for tax audit applicability, your past return history to be considered.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details