Hello people,
Could u tell will tax audit apply in those circumstances:
1 Business loss incurred and sec.44 AD not opted total income exceeds rs 2.5 lakh.
2 Business loss incurred and sec.44 AD not opted total income not exceeds rs 2.5 lakh.
please share sec no. or rule to support your reply.
thanks
Menu
Tax audit application (plz reply)
Replies (2)
Do you mean to say that in both the cases, the sec. 44AD was not opted in any of preceding 5 years?
What are turnovers in each?
Turnover?
Recent Topics :
- Representative assessee
- Investment Income as Business Income for Sec. 44AD
- In ITR 4 u/s 44ADA what amount we shoud show under
- Salary expenses how to treat
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
Related Topics :
CAclubindia
