Partnership doing business covered under 44AD and have turnover around 15-25 Lakh.
Case 1: Profit before salary is 8% of turnover
Q1. whether it is mandatory to opt 44AD?
Q2. Whether they have to pay tax on amount after salary adjustment or before salary adjustment
Case 2 . Profit before salary is less than 8%.
Q1. Whether it is mandatory to have tax audit
Q2. Whether they have to pay tax on amount after salary adjustment or before salary adjustment
CAclubindia
