A partnership firm is having turnover of RS nil,net loss due to administration expenses is rs 90000/, interest on capital to partners nil, salary to working partners nil for the Assessment year2015-16
Do we need to audit the firm's account u/s 44AB as profit/loss is less than 8% of the turnibrt as per sec 44AD
please tell me compulsory audit is required ....... urgent
CAclubindia
