loss in LLP of RS 80000 after deducting partner interest.....in this case tax audit required or not...?
there is only purchase and expenses...
sales is zero.
Tax Audit is not Applicable in the above case.
3 Replies
darshan.s.darji
(student)
(74 Points)
Replied 22 July 2018
but some people say to carry forward loss tax audit is required...
CA Ankit R Momaya
(Partner at Bhat Momaya & Associates)
(2319 Points)
Replied 23 July 2018
No, there is no such pre-condition in case of LLP.
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