https://www.taxtmi.com/forum/issue?id=118579 The commentary explains that "accounts are required to be audited" means an express audit obligation under the Income tax Act or any other law; a voluntary audit under LLP Rules, which merely prescribes the manner of audit if partners elect it, does not create such an obligation, and therefore will not, in the author's view, qualify the LLP as one whose accounts are "required to be audited" for due date consequences. en-us Fri, 09 Jun 2023 18:40:24 +0530 Thu, 23 Jan 2025 15:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118579 The commentary explains that "accounts are required to be audited" means an express audit obligation under the Income tax Act or any other law; a voluntary audit under LLP Rules, which merely prescribes the manner of audit if partners elect it, does not create such an obligation, and therefore will not, in the author's view, qualify the LLP as one whose accounts are "required to be audited" for due date consequences. Discussion-Forum Income Tax Fri, 09 Jun 2023 18:40:24 +0530 https://www.taxtmi.com/forum/issue?id=118579