LLP- Audit Regarding

Dear Experts,

Can you guide me what is the Audit Limit for an LLP engaged in manufacturing business in India?

At some places it shows 40Lac at some places 1 crore. Please confirm?

 

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Quick Summary
This discussion clarifies the audit requirements for Limited Liability Partnerships (LLPs) engaged in manufacturing businesses in India. It addresses confusion regarding the audit limit, distinguishing between the LLP Act requirement of 40 lakhs and the tax audit threshold of 1 crore. The consensus confirms that 40 lakhs is the relevant audit limit under the LLP Act for manufacturing entities.

40 lacs is the limit for audit under the LLP Act while 1 crores is the limit for tax audit

40 lakhs is the Audit Limit for an LLP engaged in manufacturing business in India

 

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