Audit u/s 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2014
Can an audit u/s 44ad be done to carry forward losses of business if we missed 31st july to file the return?
18 October 2014
Loss return not covered under the 44AD cases as defined under income tax act.
Even though it not covered under 44AB too.
So according to me 44AB is preferred. Conduct the tax audit and file the loss return and carry the loss .
Even though it not covered under 44AB too.
So according to me 44AB is preferred. Conduct the tax audit and file the loss return and carry the loss .
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2014
turnover is 9 lacs i.e. less than 1 crore
19 October 2014
Ok conduct tax audit u/s 44AB . And ascertain loss and file the return along with 3CB/3CA and 3CD . Then you can carry the loss .
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