i have filed return for ay 2017 18 u/s 44ada now i am doing new business.
i am suffering loss so can file return for ay 18 19.
so i have to go for audit this ay?
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aplicability 44AB(e)
Replies (7)
As per some discussion in Caclubindia "The said rule not applicable for sec 44ada...
So,
Wait on further replies from our Experts.
So,
Wait on further replies from our Experts.
What is the turnover and nature of business?
earlier was a professional income of 11L
and for this year it is loss from bitcoins , with turnover of 60L
and for this year it is loss from bitcoins , with turnover of 60L
What is total income for AY 2018-19?
loss of 180000 in the year
Though trading in bitcoin is not recognised in India..... & even if it is accepted as income u/h. PGBP, tax audit not applicable.
thank you and congratulations
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