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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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 January 2017 No audit is required if you don't have any other taxable income.
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CA Suresh Jain

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CA Suresh Jain (Expert)
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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