Partnership firm loss and audit

Mahesh Sarda (76 Points)

16 November 2021  
I am having partnership firm till last yr i. e 2020 our turnover was 1.5 cr and profit below 8% so we had audited our firm but now in 2021 our turnover is only 37 lakh and firm shows loss of rs 8 lakh so it is necessary to do audit. plz suggest