Turnover for tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2012
When turn over/ receipts are nil and expenses spent from Propietors own funds/ loans to the extent of Rs. 70.00 lacs is it covered under 44AB audit? Please clarify.
07 August 2012
Then Neither 44AB Applicable, Nor 44AD Applicable Since No Turnover.
Claim Loss Carry Forward Provided as Per IT Rules.
Claim Loss Carry Forward Provided as Per IT Rules.
07 August 2012
NO NEED OF TAX AUDIT UNDER SECTION 44AB
07 August 2012
AGREE WITH ALL ABOVE...
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