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What is the tax audit limit for an LLP for FY 2016-17?
For financial year FY 2016-17, the audit will apply to businesses with turnover in excess of INR 2 crore. However, LLPs turnover / total sales / gross receipt level fixed to be greater than Rs.1 crore attracting tax audit provisions u/s 44AB of the Act still prevails but assesses who claim the benefit of section 44AD of the Act can avoid tax audit up ...

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