What is Net Loss? Is Tax Audit Compulsory in case of Loss ?

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What is Loss or Net Loss? Generally we know that if Expenses is more than Income, then there Loss occurs. It means, Expenses - Income = Loss (Expense Income). In Financial accounting, Loss is a decrease in Net Income that is outside the normal operations (i.e. sales, purchases etc.) of busin
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Soumya Laha

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Advocate & Tax Consultant

LL.B (Taxation) Blogger at https://soumyalaha.blogspot.in

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