CA Manish Agarwal (Partner) (27 Points)
28 July 2018Hello 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
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161306 Points)
Replied 28 July 2018
Yes, you are correct......
Divya jain
(31 Points)
Replied 12 November 2022
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.
CAclubindia
