Under which provision the audit is to be done.
This query is : Resolved
vitthal Bissa
(Querist)
07 September 2023
One assessee in previous year audit done under 44ab(1) and in current year turnover below 1 crore and incurred loss then Under which provision the audit is to be done ?
May audit done under Clause 44AB(e)- When provisions of section 44AD(4) are applicable or any other provision .
Kindly guide
May audit done under Clause 44AB(e)- When provisions of section 44AD(4) are applicable or any other provision .
Kindly guide
CA R SEETHARAMAN
(Expert)
07 September 2023
No tax audit required in such a case as there is no taxable income.
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