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
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Applicability of Tax Audit to LLP having turnover more than 1 cr
Replies (5)
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.
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