Maintenance of books of account and get the audited or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2018
Dear Sir/Madam.
In case of partnership firm current year (A.Y.2018-19) profit is more then 8% of total turnover and after set off of carry forward of previous year loss my net total income become nil. Should booked of account is required to audit or not.
Please help me.
Thank you.
In case of partnership firm current year (A.Y.2018-19) profit is more then 8% of total turnover and after set off of carry forward of previous year loss my net total income become nil. Should booked of account is required to audit or not.
Please help me.
Thank you.
22 August 2018
Please mention your turnover..
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2018
Turnover for the year is Rs.45,00,000
22 August 2018
Books of accounts have to be maintained, but audit is not required.
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