Please let me know the treatment of 44AD if i have loss from Expenses and Purchase but no turnover as i have started my business from year end whether 44AD is applicable or required Tax Audit as i have less than 8% of Turnover i.e Loss is less than Zero
07 June 2015
Thanx for the Reply, I will Make books of Accounts and File ITR 4 and Carry forward the Loss, Am i Right or is there any problem in this. Please reply.
CAclubindia
