future and option
Anjali Jain (148 Points)
08 October 2018when loss of rupees 4lacs...
and no further income.
if we opt 44AD still compulsory to go for audit????
Anjali Jain (148 Points)
08 October 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177754 Points)
Replied 08 October 2018
If turnover below 1 cr, and no other income from any other heads, i.e. net loss return filed; tax audit NOT mandatory,,,
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177754 Points)
Replied 09 October 2018
No. U/s. 44AD audit will applicable under sub sec. 44AD(4) & (5).
So, normal assessment with accounts maintained.