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Partenership firm with no turnover but having loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2013 Sir, i have a query regarding audit. A Partenership Firm with no turnover but having loss, should we audit the firm or no need to audit.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
06 August 2013 Audit is mandatory since the firm is showing a loss (less than 8% of gross receipts).

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