aplicability 44AB(e)

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42 Points Joined August 2018
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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On 16 October 2018 at 13:56 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
As per some discussion in Caclubindia "The said rule not applicable for sec 44ada...


So,
Wait on further replies from our Experts.
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On 16 October 2018 at 18:06
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

What is the turnover and nature of business?

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On 16 October 2018 at 18:13
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42 Points Joined August 2018
earlier was a professional income of 11L
and for this year it is loss from bitcoins , with turnover of 60L
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On 16 October 2018 at 18:18
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

What is total income for AY 2018-19?

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On 16 October 2018 at 18:33
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42 Points Joined August 2018
loss of 180000 in the year
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On 16 October 2018 at 18:35
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

Though trading in bitcoin is not recognised in India..... & even if it is accepted as income u/h. PGBP, tax audit not applicable.

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On 16 October 2018 at 18:41
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7059 Points Joined January 2017
thank you and congratulations
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On 17 March 2019 at 11:20


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