Artisharma (CA ) (25 Points)
21 July 2017In case of a partnership firm whoes net profit for the year is negative, is tax audit required?
Is following section 44ADA compulsory for a chartered accountant firm in order to avoid tax audit and maintanance of books?
In case of not following this section and having income above 8%, is tax audit compulsory?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178301 Points)
Replied 21 July 2017
"In case of a partnership firm whoes net profit for the year is negative, is tax audit required?"
Not required......
CAclubindia
