Loss return

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STUDENT
25 Points Joined January 2014
Last year in AY 2019-20I filed return showing Business loss and loss carried forward to next year. but now in AY 2020-21 My T.O exceed 1 crore so what is way to Avoid Audit ?? Audit Limit is 5 Crore ???
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On 26 June 2020 at 11:58 Report
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Practice
3235 Points Joined August 2009
In case your individual then file ITR4 and claim presumptive income by 8% or 6% of turnover. also set off brought fwd loss with current year income..
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On 26 June 2020 at 13:36


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