filed ITR 3 loss return of future & option business without tax audit report in june month as total income less than 2.5 lacs , f&o loss is more than 7 lacs. Turnover less than 1 cr .
Now due to some doubts on applicability of tax audit can I revise return with tax audit report before 30th sept.
New business , never opt for presumtive.
What will be impact of filing ITR 3 loss return now along with tax audit report?
That returm was e verified but not processed by IT deptt till now.
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Revised loss Return with tax audit report this time
Replies (2)
Yes you can revise return and file taxaudit report.
The impact of filing will be positive. Your revised return will be placed in the same shoes of an original return.
The impact of filing will be positive. Your revised return will be placed in the same shoes of an original return.
Thx .I have received intimation u/s 143 (1). Deptt issue refund order.
Do I still need to file tax audit report (tax audit due date now extend to 31st oct)
Will I face any trouble when I claim this loss in subsequent year profits ?
(CA said loss return can be filed without tax audit as turnover below 1 cr and total income less than 2.5 lacs )
Never opted 6 % presumptive scheme .
Regards
Do I still need to file tax audit report (tax audit due date now extend to 31st oct)
Will I face any trouble when I claim this loss in subsequent year profits ?
(CA said loss return can be filed without tax audit as turnover below 1 cr and total income less than 2.5 lacs )
Never opted 6 % presumptive scheme .
Regards
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