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Audit applicability

This query is : Resolved 
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(Querist)
05 July 2018 Newly Established P.Firm having loss in very first year and T/O is NIL. Is it required to go for audit or file simple ITR ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 July 2018 No need to audit. Filing of ITR is mandatory.

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