Dear,
I am having partnership firm.
P.Y. loss of 13000.
Have maintained accounts.
Not opted for 44 AD any time.
This Year I.e FY 22-23
Turnover 70 lakh
Profit after interest is 50 thousand
Please suggest Audit required or not
If you are maintained books of Accounts as per sec 44AA then Audit not required...
Otherwise it's applicable
CAclubindia
