Applicability of Tax Audit for multiple businesses

Pramod Joshi (1 Points)

26 July 2022  

Hi ,

One of my clients is having two businesses - one professional consultany and other dealership of E bikes. This is first yeat of dealership of E bikes and is having loss . Consultany income is as per Sec 44ADA. As there is a business loss in other business, loss is fully set off against consultancy income. Query is whether tax audit is applicable for dealership business as it is having loss.

Thanks in advance .

CA Pramod Joshi