Loss in business audit''''''urgent'''
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2017
Dear Experts,
I had started trading business as proprietary concern in FY 2015-16 and incurred the loss of 168680/- however the turn was 156890/- pls let me know weather audit should have conduct in this case or not,
Thanks
Raj kumar
I had started trading business as proprietary concern in FY 2015-16 and incurred the loss of 168680/- however the turn was 156890/- pls let me know weather audit should have conduct in this case or not,
Thanks
Raj kumar
18 January 2017
No audit is required if you don't have any other taxable income.
18 January 2017
Audit was not required
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2017
Sir...don't have any other taxable income means.......
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