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Audit u/s. 44AB for firms

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(Querist)
25 January 2022 Respected Sir,
For firms to be audited u/s.44AB 8% should be taken on net profit or book profit (profit before interest & remuneration to partners) on total turnover
Thanks in advance
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 January 2022 For firms to be audited u/s.44AB 8% should be book profit (profit before interest & remuneration to partners) on total turnover

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