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

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.