alleryStart learning →Audit becomes compulsory for an LLP if turnover in a financial year exceeds what?
ARs 10 lakh
BRs 40 lakh
CRs 1 crore
DRs 5 crore
Answer & Solution
Correct answer: B. Rs 40 lakh
The stated threshold is turnover above Rs 40 lakh in a financial year.
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