A partnership firm providing paying guest service has turnover of Rs. 12,50,000 during f/y 17-18. Net profit after partner remuneration of Rs. 1,40,000 is coming to Rs. 4010. Please let me know whether Tax Audit is required or we can go ahead with normal IT filing without tax audit?
Partnership firm with 14.50 lakh turnover - tax audit clause
SomnathBiswas (Partner) (22 Points)
19 August 2018