44ad audit
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2018
A partnership firm incorporated during FY 2017-18 and having turnover of Rs.60,00,000/-
The net profit is Rs.-250,000/-
My Queries are:
1. Whether ITR 5 can be filed with loss without any audit or 44 AD?
2. Whether 44AD Audit is compulsory to declare the loss ?
3. If no audit is done, whether ITR can be filed u/s 44AD and declare the net loss ?
TIA.
The net profit is Rs.-250,000/-
My Queries are:
1. Whether ITR 5 can be filed with loss without any audit or 44 AD?
2. Whether 44AD Audit is compulsory to declare the loss ?
3. If no audit is done, whether ITR can be filed u/s 44AD and declare the net loss ?
TIA.
27 October 2018
1. Yes.
2.No.
3..No, because 44AD is not applicable in the raised issue .
2.No.
3..No, because 44AD is not applicable in the raised issue .
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2018
If 44AD is not applicable then how to declare loss or income below minimum required net profit in ITR ?
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