Tax audit for carry forward of speculation losses
This query is : Resolved
Prajna Adiga
(Querist)
25 August 2018
Is tax audit u/s 44AB compulsory for carry forward of speculation business losses?? Since definition under section 44AB doesn't give any explanation about the above, is it compulsory?
CA R SEETHARAMAN
(Expert)
25 August 2018
Tax audit applicable if you have other taxable income.
Prajna Adiga
(Querist)
25 August 2018
Yes, the assessee is having professional income. What will be the conseques in such a case??
CA R SEETHARAMAN
(Expert)
26 August 2018
Tax audit applicable........
Prajna Adiga
(Querist)
27 August 2018
Thank you sir for your suggession
CA R SEETHARAMAN
(Expert)
27 August 2018
Welcome...........
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