Dear Sir/Madam
I have a loss near about 190000/- in Fno trading (Turnover below 1 corer) and My salary is 408000/-.
but in FY 20-21 I have shown PRESUMPTIVE BUSINESS INCOME UNDER SECTION 44AD near about 3467/- and claim 6% income 278/-
Is an audit required for the current year?
Thanking You
CAclubindia
