Income Tax Audit u/s. 44AB

sunil parekh (1 Points)

30 December 2021  


As a Dental Professional having Professional Loss, F&O Trading Loss & Speculative Loss for F.Y. 2020-2021 which were totally adjusted against the head "Income from Other Source" (IFOS) & "Income from Capital Gain" 

After Adjusting all the business losses, Net Income from Pension, Capital Gain & Other Source exceeds the Maximum amount which is not chargeable to tax i.e. 2,50,000/-.

In such case, Tax Audit U/s. 44AB is Applicable or not ?


Please Guide,

Thanks & Regards