Audit in case of loss
This query is : Open
03 August 2017
I have a business loss of 54000 on turnover of Rs. 750000. Is audit compulsory ?
Nikhil Kaushik
(Expert)
03 August 2017
if you have no salary income (in excess of Rs 2.5 lakhs) then no audit is required in this case.
Nikhil Kaushik
(Expert)
03 August 2017
don't mind...but please be specific in your queries in the first place!
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