Fno loss.REPLY URGENTLY PLSSS
This query is : Resolved
27 July 2022
hello
last year i have reported my fno income in 44AD
THIS YEAR I HAVE LOSS IN FNO
IS TAX AUDIT APPLICABLE
MY TURNOVER IS NOT ABOVE 1 CR
last year i have reported my fno income in 44AD
THIS YEAR I HAVE LOSS IN FNO
IS TAX AUDIT APPLICABLE
MY TURNOVER IS NOT ABOVE 1 CR
27 July 2022
Yes, if you declare loss, and your total income is above exemption limit...
No, if you declare minimum 6% profit.
No, if you declare minimum 6% profit.
27 July 2022
WHICH SECTION MANDATES SUCH TAX AUDIT SIR.AS MY TURNOVER IS LESS THAN 1 CR
27 July 2022
Sec. 44AB(e) r.w.s. 44AD(4)&(5) of IT act...
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