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Sec 44 ad

This query is : Resolved 
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(Querist)
27 June 2014 During the AY 2014-15 my tours & travels business incurred a loss of Rs 3,33,468.My question is sec 44 AD is applicable or not in the case of tours & travels business and need to audit?
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Rupesh Jain

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Rupesh Jain (Expert)
30 June 2014 you have to mention the sales/receipts of your business. but you can take audit report on your business loss and file return before the due date. so you can carry forward the loss.
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