Audit gor loss from speculation business

144 views
User Avatar

29 Points Posted on 17 March 2021
do we have to audit are books are claiming loss from speculation business?
0 Reply Share Follow
On 17 March 2021 at 01:32 Report
Replies (2)
Quick Summary
This discussion addresses whether losses from a speculation business require auditing. It clarifies that such losses can generally be carried forward. The need for an audit often depends on the business's turnover.

User Avatar

Chartered Accountant
24588 Points Posted on 17 March 2021
You should carry forward the lossess
Reply
On 17 March 2021 at 06:29
User Avatar

17269 Points Posted on 17 March 2021
Audit will depend on turnover basis.
Reply
On 17 March 2021 at 12:37

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Gross total income
  2. Export Compliance
  3. Sale of plots in open land
  4. Income tax query
  5. Best CA Inter coaching in laxmi nagar
  6. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  7. Unregistered Association of Persons (AOP) Agreemen
  8. Intimation u/s 245 of income tax act
  9. Ewaybill query
  10. IDS Refund: GSTR-2B Invoice Not Validated in State

More recent discussions | Post

Related Topics :

Loading