Dear Members,
We are a Partnership Firm carrying on business of running a business centre where we provide plug and play offices for startups. Our turnover for financial year 2015-16 is about Rs.3,00,000/- and since this is the first year of our business, we have a loss of Rs.1,40,000/-.
Please advice if we fall within the purview of tax audit considering various section of Income Tax regarding Tax audit.
Please help.
Thank you.
Chandana