LLP AUDIT
nitesh (ARTICLE) (201 Points)
24 June 2018
LLP REQUIRED TO GET ITS ACCOUNT AUDITED IF ITS TURNOVER IS 15 LACS AND SHOWING LESS THAN 8% PROFIT.
2 Replies
Jatin
(Accountant)
(3479 Points)
Replied 25 June 2018
Yes, Audit is mandatory if you showing profit less than 8%
nitesh
(ARTICLE)
(201 Points)
Replied 25 June 2018
but it is not covered u/s 44 AD AND LAST YEAR ALSO AUDIT IS NOT DONE AND NO OBJECTION IS RAISED BY DEPARTMENT
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