Filing returns

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Saurabh (Querist)
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30 August 2019 Sir I am salaried and has fno losses. Turnover is 35 lacs. Is it okay to file through ITR 1 and not show report any losses. I have to do audit in case I select ITR 3....

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Amit Saini

Amit Saini (Expert)
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30 August 2019 Saurabh its your discretion for not to report of loss in ITR in case of loss bcz you will not able to sett off the loss in next financial year

Saurabh

Saurabh (Querist)
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30 August 2019 But won't I get notice for that ?

Amit Saini

Amit Saini (Expert)
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31 August 2019 How much loss you have.....

Beside above department will not give any notice which is abide them to decrease income of department

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