29 September 2023
The Partnership firm was incorporte on 11-02-2023 and within 31st march, 2023. Total turnover is 2 Lacs out of that 95% is cash Sales and balance 5% in through banking transaction. Now question is Tax Audit is applicable or not. If yes then under which section ? or Can i file the income tax return A.Y 2023-24 and AY 2024-25 together?
can i prepare the Books of account from 01-02-2023 to 31-03-2024??
CAclubindia
