What should be audit fees of LLP having contribution 29 lacs and sale turnover 26 lacs
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Quick Summary
This discussion explores the appropriate audit fees for Limited Liability Partnerships (LLPs). Factors such as the LLP's contribution amount (stated as 29 lacs) and sales turnover (26 lacs) are considered. However, it's noted that fees are also dependent on the overall size of the LLP and its paid-up share capital.