Salary income is more than exemption limit, F&O turnover is 12lakhs, net loss of 27k
Is tax audit applicable?
If it was not declared u/s. 44AD in any preceding 5 years, then tax audit not applicable.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167898 Points)
Replied 30 July 2022
If it was not declared u/s. 44AD in any preceding 5 years, then tax audit not applicable.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
