Loss in business audit''''''urgent'''

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 January 2017 Dear Experts,
I had started trading business as proprietary concern in FY 2015-16 and incurred the loss of 168680/- however the turn was 156890/- pls let me know weather audit should have conduct in this case or not,

Thanks
Raj kumar

18 January 2017 No audit is required if you don't have any other taxable income.

18 January 2017 Audit was not required

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 January 2017 Sir...don't have any other taxable income means.......


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