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Tax audit of partnership firm in case profit is zero
Whether a partnership firm is required to get their accounts audited if their net profit is zero and turnover is also less than 1 cr
Replies (2)
No tax audit for turnover less than 1 corore and Net profit is zero
| Originally posted by : Aashu Goyal | ||
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Whether a partnership firm is required to get their accounts audited if their net profit is zero and turnover is also less than 1 cr |  |
If You File return under section 44AD and show profit 8 %
Otherwise you are required to Tax Audit if show profit as specified under 44AD
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