Condition for an audit of llp

This query is : Resolved

Ashit Malhotra (Querist)
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17 August 2019 I have a llp involved in software .Turnover for fy 18-19 is 80 Lakhs.Do I need to Audit my accounts.
Is the audit limit 40 lakhs or 1 Cr

CA Mayur Todmal

CA Mayur Todmal (Expert)
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17 August 2019 you have to audit under llp act as turnover exceeds 40lakhs

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Condition for an audit of llp

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