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Question ID : 36888

TAX AUDIT

A client is having following incomes in FY 2017-18 :- Salary - 440000 Interest - 90000 F&O Business - (250000) loss Whether he is liable for Tax Audit u.s 44AD? Which ITR form is applicable for AY 2018-19? Read more at: https://www.caclubindia.com/forum/tax-audit-applicability-u-s-44ad-and-itr-form-applicability-488437.asp

Posted by Akshika Dhingra on Dec 12, 2018

Filed Under DIRECT TAXES

Answer ID : 76058

Whether he is liable for Tax Audit - yes Which ITR form is applicable for AY 2018-19 - ITR-3

Posted by Mohit Gupta on Dec 12, 2018
Answer ID : 76060

Tax audit is applicable and ITR-3 is applicable.

Posted by CA. chunauti dholakia on Dec 12, 2018