Return of loss due date

Dear All,

An assessee Having proprietary business & having turnover of Rs. 85 Lacs. My Query is:

Since his turnover is less than 1 crores so he is not liable for Tax Audit, but if profit is less than 8% then he is liable for Tax Audit and due date of return is Sep 30, 2013.

What would be the position if assessee is having a Loss of Rs. 2.8 Lacs.

what will be the due date for filling return in order to claim carried forward of Loss.

Kindly reply

Replies (1)

If there is a business loss the ITR needs to be filed within the due date. Due date will be 30th September or 31st July depending on application of tax audit.

Regards,

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