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Condition for an audit of llp

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(Querist)
17 August 2019 I have a llp involved in software .Turnover for fy 18-19 is 80 Lakhs.Do I need to Audit my accounts.
Is the audit limit 40 lakhs or 1 Cr
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CA Mayur Todmal

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CA Mayur Todmal (Expert)
17 August 2019 you have to audit under llp act as turnover exceeds 40lakhs
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