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
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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