Partnership firm audit

ANIL KUMAR (Prop) (21 Points)

02 October 2017  

Dear all

Plz Let me know that my turnover from profession is Rs. 1000000 and income 25000. Is it compulsory to get the accounts audited for A Y 2017-2018.

Is Partner salary and interest are deductible from income.

What is the limit of INCOME TAX AUDIT Limit for Partnership firm and their conditions.