dear all,
please suggest me, whether it is applicable tax audit a LLP having Turn Over below 10 lakh and having loss before giving salary and interest to partners.
thanking you,
Menu
applicability of tax audit u/s 44ab
Replies (3)
44AB applies depending upon turnover execcefing 1 Crore. Here it is below 10lakhs. so 44AB does not apply
TAX AUDIT u/s 44AB of the Income Tax Act 1961 is not applicable if the Turnover of Business is less than Rs. 1 crore.
its not a general firm , its LLP
Recent Topics :
- Which Aviation Services Can Air Ticketing Professi
- Section 87A
- GST on Transport
- Which software to buy
- Property Selling and buying
- Office Management System
- Can I pursue articleship alongside a regular full-
- Investment fund's income from ncd distribution to
- Comparative BS PL with Audit report
- Source of funds in IT returns
Related Topics :
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
