Audit under section 44AB

NAIMISH BORSADIYA (article) (16 Points)

03 August 2019

whether is it compulsory to get books of accounts audited if there is loss in partnership firm?

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Sivaraman A R (.) (1042 Points)
Replied 03 August 2019

according to me not needed, if loss.

https://www.caclubindia.com/articles/presumptive-taxation-an-analysis-under-different-scenario-34563.asp

Sai Prasad (43 Points)
Replied 03 August 2019

yes if u r firm income exceeds 250000
otherwise it is not

Naimish (Myself ) (42 Points)
Replied 03 August 2019

I have told in case of loss.
you are talking about income

Kapadia Pravin (17264 Points)
Replied 03 August 2019

if turnover exceeds prescribed limit 1 cr then audit must even though loss

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 03 August 2019

Originally posted by : NAIMISH BORSADIYA
	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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