I have loss from f&o RS 5000, turnover rs 400000. I have salary income RS 500000. If I file pl and balancesheet.? I have not filed under 44AD before.will I require tax audit u/s 44AB??
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Loss from business but total income more than basic exemption limit-tax audit
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| Originally posted by : Anish Lotlikar | ||
 |
I have loss from f&o RS 5000, turnover rs 400000. I have salary income RS 500000. If I file pl and balancesheet.? I have not filed under 44AD before.will I require tax audit u/s 44AB?? |  |
Yes
But clause e sec 44AB , says if provisions of section 44 AD(4) are applicable then....but that is not applicable to me since I have not filed under 44AD till date??
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