Dear sir or Madam.
In the year 2023-24 I had a salary n small business from shop(not fno) and showed my income under salary and 44ad business income.
Next year i didn't have business income i only had salary income.
This year i have fno losses n want to carry forward losses.
So 44 ad is applicable for 5yrs right , so now in want to claim fno losses .so can I opt out of 44 ad and wt are the consequences.
To carry forward losses you are require to audit the F&O business.
RoamPrime Technologies Private Limited
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CAclubindia
