LLP audit under LLP Act, 2008 and IT act, 1961

bharti sharma (Chartered Accountant) (28 Points)

10 June 2021  

Hello,

I have a query regarding LLP Audit. As my turnover has crossed Rs. 40 lakhs , Audit is mandatory under LLP act. Is any format under which we have to file the audit. Please share the same.

Also , at the same time my turnover has crossed Rs. 1 crore but i have reported loss for the same year. Is audit also compulsory under Income Tax Act .

Please clarify the confusions.