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Audit under section 44AB
whether is it compulsory to get books of accounts audited if there is loss in partnership firm?
Replies (5)
according to me not needed, if loss.
https://www.caclubindia.com/articles/presumptive-taxation-an-analysis-under-different-scenario-34563.asp
https://www.caclubindia.com/articles/presumptive-taxation-an-analysis-under-different-scenario-34563.asp
yes if u r firm income exceeds 250000
otherwise it is not
otherwise it is not
I have told in case of loss.
you are talking about income
you are talking about income
if turnover exceeds prescribed limit 1 cr then audit must even though loss
| Originally posted by : NAIMISH BORSADIYA | ||
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whether is it compulsory to get books of accounts audited if there is loss in partnership firm? |  |
What is the Turn Over...?
Will You opt u/s 44AD...?
Are You Maintain (& file) Books of Accounts u/s 44AA...?
Ask with details Your query. If no more details then You / We got flat replies....
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