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44 ab

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(Querist)
19 March 2015 Hello,
A proprietary firm has incurred LOSS in COMMISSION busines whether it is compulsory to audit u/s. 44AB ?
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Soumitra Basu

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Soumitra Basu (Expert)
20 March 2015 AUDIT UNDER SECTION 44AB IS RELATED TO THE TURNOVER. PROFIT OR LOSS IS IMMATERIAL.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
23 March 2015 check out the gross turnover is more then 1 crore or not for applicability of tax audit u/s 44AB
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