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
CAclubindia
