Salary and business loss AUDIT


04 January 2022 Dear Sir,
My CTC is 11lac but I have started a flying business last year where in I incurred a loss of around 75k so which ITR do I need to file and will my loss need auditing??

04 January 2022 File ITR 3
No, if turnover is below specified limits..

04 January 2022 What's the limit, please say

04 January 2022 What is your nature of business? What is your turnover?

04 January 2022 selling local cloths and turnover 2 cr

04 January 2022 Audit u/s. 44AB(a) of IT act applicable.

11 July 2022 You need to get books audited


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