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.
A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
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Chirag N Shah & Associates
Mumbai
CA Inter
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CAclubindia
