Question ID :
39264
Taxability of LLP u/s 44AD
A LLP is having Turnover of Rs.35 lacs. The same is interested to show profit below 8% of the Turnover. Whereas provision of Sec 44AD are not applicable for LLP. Whether the LLP can do so. If not whether Tax Audit is compulsory even though Turnover is less than Rs.1 cr. and Profit showing less than 8% of the Turnover..
posted by
AJAY JAIN
on
Jul 3 2019 12:00AM