Audit in case of loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2013
Sir/Madam
Audit in case of loss in partnership firm or proprietorship.
It is not presumptive income under 44AD or 44AE.
gross receipts is under 100 lacs.
Kindly clarify that is it mandatory to get tax audit.
Regards gaurav
Audit in case of loss in partnership firm or proprietorship.
It is not presumptive income under 44AD or 44AE.
gross receipts is under 100 lacs.
Kindly clarify that is it mandatory to get tax audit.
Regards gaurav
23 August 2013
Not mandatory to get its books audited by CA by virtue of Section 44AD(5)
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