Menu
44ad liable to tax audit
if assessee opt 44ad under presumptive scheme and declare income more than 8% but due to loss in house property his net income comes up with loss, is he liable to be tax audit.
Replies (1)
No, it is not required for you to get the tax audit done.As section 44AB read with section 44AD and section 44AD overides section 30 to 38 but not chapter VI , which allows you to set off your losses.
Recent Topic
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
Related Topics
CAclubindia
