Dear sir please guide me if file ITR 5 for partnership firm and NP is below 8% or 6% then Audit is mandatory for A.Y 18-19
Turnover 2.5 Lac only
business nature is Jobwork
Audit is not compulsory if your turnover is less than 1 Crore ... and filing ITR 5..
if you wish to file ITR 4 and offering profit less than 8% or 6% then tax audit applicable
CAclubindia
