44ad audit
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2018
A partnership firm incorporated during FY 2017-18 and having turnover of Rs.60,00,000/-
The net profit is Rs.-250,000/-
My Queries are:
1. Whether ITR 5 can be filed with loss without any audit or 44 AD?
2. Whether 44AD Audit is compulsory to declare the loss ?
3. If no audit is done, whether ITR can be filed u/s 44AD and declare the net loss ?
TIA.
The net profit is Rs.-250,000/-
My Queries are:
1. Whether ITR 5 can be filed with loss without any audit or 44 AD?
2. Whether 44AD Audit is compulsory to declare the loss ?
3. If no audit is done, whether ITR can be filed u/s 44AD and declare the net loss ?
TIA.
27 October 2018
1. Yes.
2.No.
3..No, because 44AD is not applicable in the raised issue .
2.No.
3..No, because 44AD is not applicable in the raised issue .
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2018
If 44AD is not applicable then how to declare loss or income below minimum required net profit in ITR ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Confusion around Form 26QB fields
- Sale of property furniture sale
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
