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Tax audit of partnership firm

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khalid

khalid (soical work) (222 Points)
Replied 22 July 2019

[e] carrying on the business shall, if the provisions of sub-section [4] of section 44AD are applicable in his case and his income exceeds the maximum amount which is not chargeable to income-tax in any previous year,
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Tax Baddi

Tax Baddi (37 Points)
Replied 22 July 2019

Yes..
Therefore Tax Audit is applicable in ur case..

khalid

khalid (soical work) (222 Points)
Replied 22 July 2019

if you opt presumptive showing lower then 8%/6% income exceed basic exemption
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