ASST-YEAR 2017-18 PARTNER SHIP FIRM WORKING METHOD AUDIT U/S 44AD AND NORMAL ( PARTNRE SALARY. INTEREST)
2 Replies
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13706 Points)
Replied 17 May 2017
Since partners remuneration and interest on capital is not separately allowed for partnership firm from AY 2017-18 u/s 44AD, therefore section 44AD in a way, lost relevance for partnership firm. Therefore it is advisable to go for tax audit u/s 44AB.
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