Tax audit is not compolsury for Firm.But i think you know what else can be done so better ask exact query so that you can get help because all knowledgeable person have no time to entertain unnecessary query.I think You got your answer. Why tax audit required is sound not good
Yeahh... Good reply.
But., Querist can ask it with his confirmation and He is just missed a word "I have A doubt"....
Turonver less than 2 crores and the net profit declared is less than the limit prescribed. (6% or 8% as the case may be) Hence, the assessee should get his books of accounts audited under section 44AB only if the income exceeds the maximum amount not chargable to tax.
In your case, assuming that the firm has got no other head of income, this firm is not liable to audit under section 44AB.