The turnover limit for Limited Liability Partnerships (LLPs) is a critical parameter for compliance and regulation. For LLPs, if the turnover in a financial year exceeds ₹40 lakh or if the contribution exceeds ₹25 lakh, the LLP is required to undergo a mandatory audit of its accounts by a qualified Chartered Accountant. These thresholds ensure transparency and adherence to financial r... https://www.compliancecalendar.in/llp-registration