25 April 2022
An Individual Assessee upto FY 2020-21 had filed Return of Income u/s 44AB by Tax Audit. During the FY 2021-22 Turnover Rs.1.50 Cr and Net Loss of Rs.50,000/- (i) Can Return of Income be filed without tax audit since the TO is less than 2.00 cr and loss?
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