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

Soumya Laha , Last updated: 08 December 2018  
  Share

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

You have reached daily limit of 2 Free Articles. To view this or other Articles please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
🤖 Summarize this with AI: 💬 ChatGPT 🔍 Perplexity 🤖 Claude 🔮 Google AI Mode 🐦 Grok

CCI Pro

Published by

Soumya Laha
(Advocate & Tax Consultant)
Category Income Tax   Report

Other Articles  
Comment   Share
10 Likes   134785 Views
Comments

Related Articles


Loading


Popular Articles




CCI Pro
Meet our PRO Members
Subscribe to CAclubIndia Pro

Trending Online Classes

view all classess
Follow us

CCI Articles

You can also submit your article by sending to article@caclubindia.com

submit article

Browse by Category