Hi friends,
My client has an tax audit for the decade, for the current Financial Year i.e 2016-17 the Firm turnover is below the limit is the firm come under the Compulsory audit
PLEASE guide as soon as possible it is very urgent
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Compulsory tax audit
Replies (3)
Filing returns is mandatory for partnership firms But tax audit is not mandatory, if TO is below 1 Cr./ 50lakhs for AY 2017-18
tax audit is compulsory u/s 44AB(a) once the business turnover exceeds the specified limit
good clarification and information
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