Dear Friends ,
i have a business T/O of rs. 90 lakhs with loss of rs. 5 lakhs and salary in come of 100 lakhs . so i am eligible for tax Audit and i do not want to opt 44AD
please all respected member i need your guidance in this regard
4 Replies
Kapadia Pravin
(17264 Points)
Replied 13 January 2021
You are not qualifying for Tax Audit. No tax audit required.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 13 January 2021
Not eligible for tax audit as turnover is less than 1 crores rupees
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 16 January 2021
It's mandatory for u to get audited to carry forward of loss
Kapadia Pravin
(17264 Points)
Replied 17 January 2021
No tax audit required. Even for carry forward of loss.
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