Tax audit applicability for loss

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Dipen (Querist)
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09 December 2023 Dear Experts,

In case of HUF , turnover = 30L approx and net loss around 2L. Will tax audit be applicable for FY 23-24?

Regards,

CA R SEETHARAMAN (Expert)
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09 December 2023 Tax audit not applicable in such a case.

RAJA P M (Expert)
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10 December 2023 Tax audit not applicable if the file as per sec 44AA of IT act.

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