I have filed a return in which i have selected option of non keeping books of accounts and filed a four figure ITR. I claimed a loss in business income . Now i received a mail from IT department that my ITR is defective. I want to ask that can i claim loss if books of accounts are not maintained.
12 February 2015
if it is NOT dubious, then LOSS can be found out even if books of accounts are not maintained....in NO ACCOUNT case. Can you please elaborate a bit so that we can discuss the same at length?
CAclubindia
