ITR - LOSS - Tax Audit
This query is : Resolved
11 January 2022
Dear Expert,
A small firm having annual turnover of Rs.6,50,000.00 for the year 2020-21, due to less turnover the firm was in losses.. My doubt was whether there is any tax audit required to show the loss in ITR.. Kindly confirm
A small firm having annual turnover of Rs.6,50,000.00 for the year 2020-21, due to less turnover the firm was in losses.. My doubt was whether there is any tax audit required to show the loss in ITR.. Kindly confirm
11 January 2022
No tax audit required for loss in ITR.
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