I have registered a Company. What all types of audits are applicable on my Company?? My personal Income will be cluubed in Company?

July 4, 2022 /

Income tax audit will be applicable if LLP turnover is more than 1 crore (Individuals transaction not to be clubbed). Audit under companies act is mandatory even if no transaction has been done on the year. All the personal transactions and income will be taxed separately and 2 Returns of Income will be filled. (1 Return for LLP and another return for your personal Income)

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