Dear Friends ,
i have a business T/O of rs. 90 lakhs with loss of rs. 5 lakhs and salary in come of 100 lakhs . so i am eligible for tax Audit and i do not want to opt 44AD
please all respected member i need your guidance in this regard
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Am i eligible for Tax Audit U/S 44AB
Replies (4)
You are not qualifying for Tax Audit. No tax audit required.
Not eligible for tax audit as turnover is less than 1 crores rupees
It's mandatory for u to get audited to carry forward of loss
No tax audit required. Even for carry forward of loss.
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