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Tax Audit for partnership firm

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(Querist)
29 June 2024 Does tax audit is mandatory for a partnership firm having turnover Rs. 1,14,00000/- (One crore fourteen lakhs) for the financial year 2023-24 or we can OPT presumptive taxation u/s 44AD


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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
29 June 2024 Yes, if eligible business, PF can opt for presumptive assessment u/s. 44AD IT act.

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