Tax audit of partnership firm
hansabeegam hansabeegam (11 Points)
18 January 2021hansabeegam hansabeegam (11 Points)
18 January 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 18 January 2021
hansabeegam hansabeegam
(11 Points)
Replied 18 January 2021
Kapadia Pravin
(17259 Points)
Replied 18 January 2021
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 19 January 2021
Kapadia Pravin
(17259 Points)
Replied 19 January 2021
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 19 January 2021
As per the Income Tax Act, 1961, Tax Audit of partnership firm is mandatory if the turnover/ gross receipt exceeds Rupees One Crore in case of business and Rupees twenty five laces in case of profession. It is highly recommended that every partnership firm should go for audit of his accounts.
CA Rashmi Gandhi
(Chartered Accountant)
(86318 Points)
Replied 23 January 2021
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