Tax audit of llp
This query is : Resolved
04 June 2017
Dear All,
In case of an LLP having nature of business as Professional Consultancy Service & having a Turnover of Rs. 40Lakhs during the FY 2016-17, Tax audit is applicable if profit is around Rs.10Lakhs? Kindly reply.
In case of an LLP having nature of business as Professional Consultancy Service & having a Turnover of Rs. 40Lakhs during the FY 2016-17, Tax audit is applicable if profit is around Rs.10Lakhs? Kindly reply.
05 June 2017
44ADA is not applicable for LLPs. Always read the bare act first before raising doubts. audit is not required regardless of profit in this case.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- TDR receipts for agreement holder
- Inventory of finished goods
- Confusion around Form 26QB fields
- Company Incorporation - CA and directors signing from different states
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Vivad se vishwas scheme 2024 new
- RCM on Advocate services by unregistered perosn
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
