LLP is having turnover of rs.50 lakh. So it is auditable under LLP act but not under income tax act.
What would be its itr due date ??
Please guide
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Quick Summary
This discussion clarifies the Income Tax Return (ITR) due date for Limited Liability Partnerships (LLPs) with a turnover of ₹50 lakh. While not auditable under the Income Tax Act, if the LLP is subject to audit under the LLP Act, its ITR due date shifts to 31st October. The initial thought of 31st July is incorrect in this scenario.