Tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 October 2018 I have business loss Rs 74500 /-in FY 2017-18 and i am salaried person Rs 66500 /- P.M. also . I file ITR 3 Previous year .So there is Tax Audit is applicable or not, Please Suggest me

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Expert : Anonymous

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Expert : Anonymous (Expert)
26 October 2018 What is Your Turn Over?

27 September 2021 The loss cannot be adjusted against salary. As total income is above basic exemption limit, tax audit becomes mandatory.


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