Assessee has Following Incomes
Salary: 1000000
44ADA Turnover: 1500000 and Profit Shown: 975000
F&O Turnover: 1400000 and Loss: 350000
Can Assessee opt for 44ADA for profession and Prepare books for F&O Loss. Whether Tax Audit Applicable?
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44ADA with F&O Loss. Tax Audit Query.
Replies (4)
- Yes,
- Not applicable.
| Originally posted by : Dhirajlal Rambhia | ||
 |
Yes, Not applicable. |
 |
Thanks Sir.
You are welcome.
| Originally posted by : Anderson Clane | ||
|
What is tax audit under Section 44AB? | |
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