Dear Members of CA clubindia,
If a partnership firms turnover is Rs. 10lakhs and it discloses Rs. 40,000 as profit after working partners remuneration, where book profits before remuneration is Rs. 95,500/-(aprox.,) in this case wether tax audit is compulsory u/s 44AB of Income tax act.
If You will file u/s 44AA then no need to Tax Audit...
Thanks for your valuble time sir. It was very helpful.
RoamPrime Technologies Private Limited
Bengaluru
CA
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Suraj Garg and Associates
New Delhi
CA Inter
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Rohit KC Jain & Co
New Delhi
CA Inter
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CCI
Pro
CAclubindia
