REGARDING TURNOVER LIMIT

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Suresh S. Tejwani (Querist)
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20 August 2026 "Is a tax audit mandatory for a LLP with a turnover of less than 1 crore , and is the income tax return valid without a tax audit?"
similarly in case of company if turnover less than 1 crore then only income tax return valid without tax audit?

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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20 August 2026 Is Tax Audit under Section 44AB mandatory for turnover < ₹1 Crore? No, neither for an LLP nor for a Company.

Is the Income Tax Return valid without a Tax Audit? Yes, the ITR is valid without a Section 44AB Tax Audit for both entities, provided no other specific Section 44AB conditions (like claiming profits lower than presumptive limits under relevant provisions) are triggered.

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