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Opt Out From 44AD

This query is : Resolved 
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(Querist)
23 March 2023 If The Person Who Opts for 44AD in AY 22-23 And In AY 23-24 wants to Discontinue 44AD. Person Total Income is Less Than Basic Exemption. As There is only Loss From Trading in Derivatives Whether he will be liable for Tax Audit? (Book of Accounts is Maintained)
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 March 2023 Not liable for tax audit as income below basic exemption.
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