Query for Tax Audit
This query is : Resolved
10 June 2024
Hi,
In F.Y 2022-23 we had filled ITR 4 for salary and professional income but this Financial year I have some lost from Share market so this year we need to fill ITR 3.but my query is this year we transfer ITR 4 to ITR 3,so we need to tax audit or not.
In F.Y 2022-23 we had filled ITR 4 for salary and professional income but this Financial year I have some lost from Share market so this year we need to fill ITR 3.but my query is this year we transfer ITR 4 to ITR 3,so we need to tax audit or not.
10 June 2024
No tax audit mandatory, provided you declare your business income under presumptive scheme (only if u/s. 44AD IT act) even in ITR 3.
11 June 2024
Thank your sir for reply
11 June 2024
You are welcome.
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