Auditor Appointment
Chander Pal Singh (PROPRIETOR) (73 Points)
09 August 2018
Can you pls clarify is it compulsory to appoint auditor in LLP where there is no business in first year???
Chander Pal Singh (PROPRIETOR) (73 Points)
09 August 2018
Pranjali
(intern)
(2216 Points)
Replied 09 August 2018
For an LLP, if your turnover doesn't exceed Rs. 40 lakhs in any given year, you are automatically exempted from getting your accounts audited.
Chander Pal Singh
(PROPRIETOR)
(73 Points)
Replied 09 August 2018
Pranjali
(intern)
(2216 Points)
Replied 09 August 2018
Oh yes, you're required to appoint an auditor necessarily at least 30 days prior to the end of the financial year.
Chander Pal Singh
(PROPRIETOR)
(73 Points)
Replied 09 August 2018
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