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Carry forward of losses

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2014 I am carrying on a restaurant business This is my first year of business. I made sales of rs 280000 & incurred a huge loss of 1780690. depreciation is rs 595000 . please suggest me whether i am liable to File Form 3CD Or am i required to do audit u/S 44AB .
Note :- Have already Filled return Showing loss of rs 1780690

Please do the needful at the earliest
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
02 August 2014 are you an individual or a firm?

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