Dear Sir,
I have partnership firm & my Gross receipt is 26 lakh but my net profit is below 6% so is it liable for tax audit.
Krunal Modi (Accountant) (59 Points)
14 December 2021
Tanuj Chandra Saxenaa
(Company Secretary)
(7070 Points)
Replied 14 December 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160943 Points)
Replied 14 December 2021
Not if it be your first year of operation, or presumptive assessment u/s. 44AD was not opted in preceding year/s.
CAclubindia
