LLP required to get its books of accounts audited by practicing Chartered Accountant if its turnover crosses limit for FY 2019-20 under business is Rs. 1 Cr and in case of Professional Services sales Rs. 50 lac. Tax audit is statutory obligation its been conducted by Chartered Accountant to check all prevision of Law follow , if any tax liability pending etc. Tax Audit is examination of LLP books of accounts , other applicable tax compliance , checking depreciation calculation etc. Its proper presentation of financial statement to Government authorities.
Audit Section is 44 AB of Income Tax Act 1961 Appoint CA firm for Tax Audit Due Date of Tax Audit Filing is 30 September Due Date of Income Tax Filing 30 September For Non Filing Penalty upto Rs.150000/- Digital Signature is mandatory
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