In case of an LLP having nature of business as Professional Consultancy Service & having a Turnover of Rs. 40Lakhs during the FY 2016-17, Tax audit is applicable if profit is around Rs.10Lakhs? Kindly reply.
05 June 2017
44ADA is not applicable for LLPs. Always read the bare act first before raising doubts. audit is not required regardless of profit in this case.
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