Partnership firm
turnover-4,00,000/-
loss-15,000/-
Tax audit is required or not?
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tax audit required or not
Replies (4)
tax audit under GST is required when your turnover is exceeding rs 2 crore.
Store stock 30.6.17
required as profit is less than 8%
section 44ab applies only when the income is more the amount which is not chargeable to tax hence tax audit does not require in case of loss as per my view.
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