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Tax audit is mandatory or not


22 July 2016 Individual is a retired doctor from govt. starting practice f.y 2015-16 showing gross receipts 40200 during the year and showing loss 120467 after incurred expenses. he have other income pension rs. 600000 interest on FD 455678 please advise

22 July 2016 Tax audit is not mandatory since gross receipts from profession is less than Rs. 25 lakhs.

22 July 2016 assessee can claim loss without tax audit






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