06 April 2015
Please let me know about the limit for tax audit for a LLP. Also if the LLP is providing professional services, will it be treated as person carrying out a profession or a person carrying out a business?
06 April 2015
Basically, an LLP is considered at par with a Partnership Firm in the eyes of IT Act. So, the same principles applies. If business- 1 Cr and if professional services- 25 lacs. :)
CAclubindia
