Buisness in the nature of commission

rakes ray (ca) (32 Points)

22 September 2018

can an assesse file a loss return without doing audit of his books of accounts carrying the buisness in nature of commission?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178083 Points)
Replied 22 September 2018

Depends upon turnover i.e. total receipts of the business........

If below 1Cr....... then YES.

rakes ray (ca) (32 Points)
Replied 23 September 2018

under which s section of income tax act?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (178083 Points)
Replied 23 September 2018

Section 139(4) of IT act........ read with sec. 44AB...

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