Menu
Treatment of Loss in Partnership Firm
I want to know the treatment of loss in partnership firm u/s 44AD & also when is tax audit applicable to Partnership Firm.
Replies (3)
Under 44AD when you show loss tax audit becomes applicable.
when tax audit is applicable to Partnership firm
under section 44AD - you have to show minimum 8% or 6% profit on turnover.
if you show less than above %ages or show loss then tax audit provisions become applicable
if you show less than above %ages or show loss then tax audit provisions become applicable
Recent Topics :
- Which Aviation Services Can Air Ticketing Professi
- Section 87A
- GST on Transport
- Which software to buy
- Property Selling and buying
- Office Management System
- Can I pursue articleship alongside a regular full-
- Investment fund's income from ncd distribution to
- Comparative BS PL with Audit report
- Source of funds in IT returns
Related Topics :
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
