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Tax audit req?

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(Querist)
29 July 2013 is tax audit required if there is depreciation loss???
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
29 July 2013 No not required, as it is less than exemption limit
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Mallika Shah

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Mallika Shah (Querist)
31 July 2013 sir,what if assessee is a firm
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
31 July 2013 Then also, if loss then audit is not required

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