Audit u/s 44AB

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  1. Sourav Tibrewal

    Sourav Tibrewal New Member

    Hello,

    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....????
     
  2. ZED

    ZED Well-Known Member

    If in the past you have not opted S.44AD then you may carry forward the loss w/o getting the books of accounts audited. Otherwise, you audit is required to carry forward the loss.
     
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