Comment on Tax loss harvesting opportunity - FY 2017/18

cKiran commented on 24 Jul 2018, 07:44 PM

I have filled ITR-4 SUGAM (Presumptive tax scheme) in year 2016-17 inspite of real net loss. I this year 2017-18 I have incurred net loss arround 2.9 lac , and Turn over is approx. 12 lac.
Can I carry forward this loss?
Whether CA audit is required or not?
Which ITR I have to file?
If in this year 2017-18 i go through tax audit , then for comming next 5 year will audit mandatory?

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