Sir
I have a very small partnership which turnover is 2.5 lac only then we should have to submit itr
my liability of tax is rs 6500 approx as per 8 % of total receipts, sir there is any option for tax exemption for small tax payer in partnership firm .. please suggest
Only way out is file ITR 3 with actual profit and loss, if profit margin is below 6/8%.
CAclubindia
