Is audit applicable for partnership firm

Arihant jain (jain) (23 Points)

26 August 2018

Is Audit required for partnership firm doing a business of xray whose first year's turnover was 2.5 lacs and having a loss of 1lac?

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (176796 Points)
Replied 26 August 2018

No. File ITR5 with books of accounts maintained; (before 31.08.2018); to carry forward loss.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 26 August 2018

Yes... I agreed to Mr Dhirajlal Rambhia Sir views...

Filing required u/s 44AA - Books of Accounts Maintain.

Arihant jain (jain) (23 Points)
Replied 30 August 2018

Thank you for your valuable suggestions. Sir can you please the share the section no. which applies.

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