Home |Tax returns filing | Partnership firm turnover per year under 1 Cr anenkil compulsory audit vena. Managing partner salary interest audit cheyathe edukan patua ?

Partnership firm turnover per year under 1 Cr anenkil compulsory audit vena. Managing partner salary interest audit cheyathe edukan patua ?

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Subin VR, Chartered Accountant,FCA, DISA (ICAI) verified
Answered on May 14,2021

No compulsory audit if turnover below 1 crore. But minimum 8% turnover should be shown as profit. To withdraw salary, audit is not compulsory.

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