LLP Firm requirement of Audit in the case of losses


This query is : Resolved 

16 August 2022 Dear Sir,
This is a query regarding the Income Tax Return of LLP. There is a loss in the Firm in the first year of filing ITR. It should be File ITR with Audit or without Audit.

Thanks & Regards,
Mohd Nasruddin


Hi Sir,
Two Partner total Contribution 50000+50000=100000

total turnover 106000

16 August 2022 What is the turnover?
What is partners' contribution in LLP?


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