Question ID :
44511
INTEREST AND REMUNERATION TO PARTNERS
T/o of P'nership firm is less than 2 Cr but more than 1 Cr. Not declaring u/s 44AD but filing with books of accounts. Profit after deducting interest to partners is less than 8%. Is Audit u/s 44AB liable or can we just upload along with balance sheet and PnL?
Posted by
MITTI RAJESH DOSHI
on
Jul 11, 2023
Filed Under
Profits & Gains of Business & Profession
Yes, to be audited under appropriate provision
Posted by
SURAJ KUMAR CHOUDHARY on
Jul 11, 2023