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AUDIT OF LLP FOR FY 2018-2019

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(Querist)
30 March 2020 ONE LLP HAS A RECEIPTS OF RS 210000.00 AND LOSS OF RS964.00,CAPITAL OF RS100000.00.
IS AUDIT REQUITED AS PER INCOME TAX FOR THIS LLP.
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
25 May 2020 Audit as per Income Tax Act, 1961– LLP audit is mandatory where the turnover exceeds ₹1 crore in case of business while ₹50 lakhs in case of profession. In this case, LLP is required to file income tax return in ITR-5 on or before 30th September of the assessment year.
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
25 May 2020 Audit as per Income Tax Act, 1961– LLP audit is mandatory where the turnover exceeds ₹1 crore in case of business while ₹50 lakhs in case of profession. In this case, LLP is required to file income tax return in ITR-5 on or before 30th September of the assessment year.
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