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Audit reqirement


13 July 2017 i am having a partnership firm. we had given our sheds on rent . also we got interest on deposit after tds cutting. total income is less than 3.75 lacs. after salary to partners & interest on capital, the np is below 2000.

is it required to get income tax audit as the np is below 6 % or 8 %

13 July 2017 6% or 8% is seen before partner remuneration

13 July 2017 And if profit of partnership firm is less the 6% or 8% than books of account is to be get audited




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