When is Audit Compulsory for Propretorship and Partnership

Last updated at Dec. 16, 2024 by

If Audit required then ITR Last date is 30 Sep 2019   31 Oct 2019

If Audit does not required then ITR Last date is 31 July 2019   31 Aug 2019

Compulsory For  Business

If Turnover greater than 2 Crore 

If Turnover upto 2 Crore and Showing less than 8%,6% Profit ( Read More )

If upto 10 trucks and showing less than 7500 per truck Profit per month ( Read More )

 

Compulsory for Professionals

If Gross Receipts > 50 Lacs

 

 

Partnership Business.jpg

 

Section 44ADA .jpg

 

Section 44AE.jpg

Go Ad-free
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.