alleryStart learning →An LLP's accounts must be audited if contribution exceeds Rs 25 lakh or turnover exceeds what?
ARs 40 lakh
BRs 1 crore
CRs 25 lakh
DRs 10 lakh
Answer & Solution
Correct answer: A. Rs 40 lakh
Audit is compulsory only where contribution exceeds Rs 25 lakh or annual turnover exceeds Rs 40 lakh.
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