Dear Experts,
Can you guide me what is the Audit Limit for an LLP engaged in manufacturing business in India?
At some places it shows 40Lac at some places 1 crore. Please confirm?
2 Replies
CA Saba Naaz
(Chartered Accountant)
(8487 Points)
Replied 19 May 2020
40 lacs is the limit for audit under the LLP Act while 1 crores is the limit for tax audit
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 20 May 2020
40 lakhs is the Audit Limit for an LLP engaged in manufacturing business in India
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