Tax audit compulsory for partnership firm?

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3 Points Joined November 2017
is tax audit compulsory for partnership firm having turnover of 50lakhs and showing profit more than 8%?
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On 23 November 2017 at 09:04 Report
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249 Points Joined September 2013
No, Since TO doesnt exceed 1 cr.
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On 23 November 2017 at 09:34
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SEO Sai Gr. Hosp.
210815 Points Joined July 2016

For trading/business firms.......... No

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On 23 November 2017 at 09:34
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3 Points Joined November 2017
if business nature is trading cum commission?
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On 23 November 2017 at 09:39
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ACCOUNTANT
110 Points Joined May 2010
it is needed when turnover exceeds 1 crore
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On 23 November 2017 at 10:29
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Dear.,
Which AY ...?
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On 23 November 2017 at 17:04

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