Here is the case of one of my client
Mr. A has turnover of Rs. 4 crores and business loss in FY 2020-21. Cash receipts and cash payments are less than 5%. Total income is more than 250,000, maximum income from shares market and salary income. Is he required to do tax audit or can he carry forward his loss further?
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Business Loss - Tax audit applicable or not?
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SIR TAX AUDIT IS ADVISABLE SIR
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