Comment on Taxation Simplified

BKO commented on 11 Aug 2013, 06:42 AM

Dear Zerodha,

I have filed using the ‘No Account’ case and of course ‘No Audit’ too and my profit is in minus (net loss) so it is less than 8% of turnover, but I did not get any audit error as you have mentioned or was it because i used “No Account’ case ? Meaning I would have got an error had I filed with ‘Accounts to be maintained’ right ? I realize I will get a notice since I have carried forward the losses using ‘No Account’ case and will need to do the necessary rectifications.

Thanks and Regards,
Bhavesh

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