Requirement of tax audit

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    H S M KAMATH New Member

    If the gross receipt during fy 2013-2014 of a partnership firm is less than Rs. 1 Crore and the

    net profit after allowing interest on capital to partners is less than 8% of gross receipts , is tax

    audit mendatory?
  2. Chandrashekar M

    Chandrashekar M Active Member

    not mandatory
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