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.
Menu
Partnership itr file without Audit report
Replies (2)
Yes Under Section 44 AD of Income tax Act 1961 Tax Audit will be Applicable
Not if it be your first year of operation, or presumptive assessment u/s. 44AD was not opted in preceding year/s.
Recent Topics :
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
- Representative assessee
Related Topics :
CAclubindia
