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Firm at loss

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514 Points Joined May 2019
can i file itr of my firm as loss...without audit..?? my turnover is below 1 cr..pls rply thanks in advance
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On 08 March 2022 at 14:16 Report
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77 Points Joined July 2020
Professionals hold both views, very much debatable. But in my opinion tax audit would be required in such cases but there are scenarios where assessee has filed return without audit and they were duly processed. So its bit debatable
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On 08 March 2022 at 18:21
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CFO- at NHTF
58280 Points Joined August 2012
Business loss has to be audited irrespective of turnover..You must go for Audit .Else it may be considered as defective return
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On 08 March 2022 at 20:26
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20 Points Joined April 2017
No need to audit since income is less than basic exemption limit (BEL for firm is 0).. u can file a loss return..
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On 01 June 2022 at 17:55

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