Dear Experts,
Is tax audit require if loss in f&o is above Basic exemption limit as per new IT portal? Do it consider absolute number ignoring (-) sign just for audit purpose?
(Turnover below 1 cr .
No other income. Never filed under presumptive tax 44AD.)
Thanks.
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Tax Audit if (-) income above BEL in absolute terms ?
Replies (1)
Not required. But select the option in Schedule 'General' also.
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