partnership firm Tax Audit

1. Since the T.O or gross receipts of the partnership firm is less than Rs. 1 crores or Rs. 50 lakhs (in case of a profession) there will not be a tax audit in the above case. 
2. But make sure to determine correct profit as per sec 40(b) considering interest on capital and remuneration to partners. 
Please correct me if the above solution has an alternative view.