Audit of assessee having loss
Ajinkya Joshi (38 Points)
26 July 2017
Is it mandatory for any assessee having loss to be audited under section 44AA or any other section of the Act
4 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 26 July 2017
Yes if turnover exceeds Rs.20000000/-
GST Consultant
(Tax Consultant)
(894 Points)
Replied 26 July 2017
Audit provisions are contained under section 44AB, where the turnover exceed Rs. 2 crocres audit is compulsory.
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