Filing of Income Tax Return with business loss
This query is : Resolved
28 July 2022
The assessee had no revenue for the FY 2021-22, but had some fixed expenses of business. There also TDS against FD and debtors for previous financial years . My question is does he has to file his income tax return with business loss without audit before 31st July 2022 or with audit after 31st July 2022.
Please suggest and thanks...
Please suggest and thanks...
28 July 2022
He can file ITR on or before 31.07.2022 without tax audit, provided not opted for presumptive assessment u/s. 44AD of the act, in any of the preceding 5 years.
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