banner_ad

What is 44 AB(e)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 October 2022 I am carrying a partnership business and previous year i had suffer a loss. I am not subject to tax audit and fail to furnish return on july 31. In this case i have informed that, the los
can't be carry forwarded to following years. One of the expert suggest me to conduct audit under 44AB(E) and thereby it is possible to carry over loss to subsequent years. Is it possible
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
07 October 2022 In case of loss 44AB(e) not applicable.
File condonation application under section 119(2)(b) with CIT giving some valid reason for the delay in filing ITR
Profile Image

SHYAM KRISHNAN K

Profile Image

SHYAM KRISHNAN K (Querist)
07 October 2022 In my case , it is a partnership firm, so i think that now it is compulsory for tax audit for the purpose of declaring loss. otherwise i have to offer profit of 8 %. Is in't it?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
07 October 2022 On case of loss no need for tax audit
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details