Salary and business loss AUDIT
This query is : Open
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Swastik Upadhyay
(Querist)
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??
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??
Dhirajlal Rambhia
(Expert)
04 January 2022
File ITR 3
No, if turnover is below specified limits..
No, if turnover is below specified limits..
Swastik Upadhyay
(Querist)
04 January 2022
What's the limit, please say
Dhirajlal Rambhia
(Expert)
04 January 2022
What is your nature of business? What is your turnover?
Swastik Upadhyay
(Querist)
04 January 2022
selling local cloths and turnover 2 cr
Dhirajlal Rambhia
(Expert)
04 January 2022
Audit u/s. 44AB(a) of IT act applicable.
CA Rashmi Gandhi
(Expert)
11 July 2022
You need to get books audited
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