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Tax audit of partnership firm for a.y. 2017-18

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30 October 2017 Is tax audit is compulsory for partnership firm of turnover 42lakhs for A.Y. 2017-18? and whether benefits of interest on capital and salary remuneration can be claim of turnover 42 lakhs for A.Y. 2017-18?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 October 2017 Tax audit not applicable if you declare 8% profit on this turnover after claiming interest and remuneration.

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