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Partnership accounting

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(Querist)
04 March 2018 If the firm has commission income of Rs.2,000. What are the tax implications?
Whether there is a liablility to maintain books of accounts & get the accounts audited?
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Arpit

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Arpit (Expert)
06 March 2018 if your income is only 2000 then no requirement for maintaining books of account. You are also not required to get the accounts audited

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