Partnership firm loss and audit
Mahesh Sarda (77 Points)
16 November 2021Mahesh Sarda (77 Points)
16 November 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184716 Points)
Replied 16 November 2021
Had you opted presumptive assessment u/s. 44AD, anytime before?
If yes, when?
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 17 November 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184716 Points)
Replied 17 November 2021
IF SECTION 44AD NOT OPTED IN ANY OF PRECEDING YEAR, NO AUDIT APPLICABLE IN AY 2021-22.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184716 Points)
Replied 17 November 2021
Though sec. 44AD(4) applicable, but tax audit u/s. 44AB(e) not applicable, because of net loss.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184716 Points)
Replied 21 November 2021
YES, No audit applicable.
rahul rana
(CA)
(110 Points)
Replied 29 July 2022
Sir, in case of audit, is not required then what will be the due date to file ITR of working partners.