Tax audit in case of loss in llp

Tax queries 1429 views 4 replies

Hello Everyone,

Whether tax audit is mandatory in case of loss in Limited Liability Partnership and with turnover less than 40 Lacs ?

As per my knowledge, it is mandatory only annual turnover of more than Rs.40 lakhs or capital contribution of Rs.25 lakhs are required to be audited. 

Kindly Suggest. 

 

Regards

Manish Agarwal

 

 

 

Replies (4)

Yes, you are correct......

Thanks a lot Sir for confirmation.

Most Welcome Dear ..

 

Income <a target='_blank' rel='nofollow' href="https://cadivya.com/"  target="_blank">Tax Audit for Llp.</a> is mandatory for the companies to file the income tax return above turnover of one crore income annually.


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