LLP for service Provider

Hi Team!!

I have a quiry related to service provider firm is registering under LLP then what will be the turnover and contribution limit for audit clause? as generally service provider firm is audited when it crosses 50 lakhs...


Your help appreciated.
Replies (4)
Quick Summary
This discussion clarifies the audit requirements for Limited Liability Partnerships (LLPs) operating as service providers. According to Rule 24 of the LLP Rules 2009, an LLP, regardless of whether it's a service provider, is subject to audit if its capital contribution is ₹25 lakh or more, or if its turnover exceeds ₹40 lakh. This differs from the general ₹50 lakh audit threshold often applied to other service provider firms.

Refer Rule 24 of the LLP rules 2009 ................
Capital 25 lakhs or more or Turnover 40 lakhs or more
@ anjali lakra mam this limit is for LLP even they are service provider..
Yes for all types

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