One professional opting 44ada since 1-2 years have f&o loss of 10 lacs this previous year with total income exceeding basic exempt limit. So 1st time tax audit is applocable to him but under which section ?
I am having no idea where to report f&o loss and other pl items and what to fill in form 3cd.
Please Any expert views to resolve my issue.
CAclubindia
