REGARDING TURNOVER LIMIT
This query is : Resolved
Suresh S. Tejwani
(Querist)
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?
similarly in case of company if turnover less than 1 crore then only income tax return valid without tax audit?
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.
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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