I am an individual maintaining books of accounts.
My business income is 2,50,000 p.a.
My loss for the year is 15,000.
I want to carry forward this loss to the next AY.
Do I need to conduct Tax Audit u/s 44AB....????
Sourav (Student) (42 Points)
22 July 2016I am an individual maintaining books of accounts.
My business income is 2,50,000 p.a.
My loss for the year is 15,000.
I want to carry forward this loss to the next AY.
Do I need to conduct Tax Audit u/s 44AB....????
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 22 July 2016
DEAR SOURAV SIR
YOU ARE NOT LIABLIE TO AUDIT 44AB IF YOU GROSS INCOME IS LESS THAN 1 CRORE
YOU CAN ALSO C/F YOU LOSS
THANKS
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 22 July 2016