Applicability of Tax Audit to LLP having turnover more than 1 cr

Dear All,

  LLP having turnover of more than 1 cr,Whether tax audit will be applicable or not?there are no cash transactions done during the year.

Only LLP audit will be applicable or tax audit also applicable?

Thanks

Snehal

Replies (5)
Quick Summary
This discussion clarifies whether a Limited Liability Partnership (LLP) with a turnover exceeding 1 crore requires a tax audit under Section 44AB. The consensus is that if cash transactions are below 5% of the total turnover, the tax audit threshold is 10 crore, meaning a tax audit is not applicable solely based on turnover exceeding 1 crore. Only the standard LLP audit would be required in such cases.

Only LLP audit, no tax audit u/s. 44AB applicable.

Dear sir 

Can you tell me the reason why is it so?

Thanks 

Snehal 

As per sec. 44AB(a) the limit for tax audit is 10 Crs. when the cash transactions are below 5%.

Ok sir.thank you very much 

You are welcome.                    

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details