Partnership firm to Proprietor firm audit

Dear Sir,

earlier have partnership firm we have filed ITR after audit now partnership has been closed and both partner has made individual firm so please suggest Can we need do Audit
1st firm Sale 2231000/- GP 486000/- NP 331000 and 2nd firm Sale 1981000/- GP 389100/- NP 291000/-
Replies (2)
Quick Summary
A partnership firm has closed and its partners have established individual proprietor firms. The user is asking if these new proprietor firms require an audit. Based on the provided sales figures, neither of the new proprietor firms have crossed the audit turnover threshold and therefore do not require an audit.

Both the new proprietary firms don't require audit to be done.
Not required to Audit. it has not crossed Turnover limit.

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