Comment on Tax loss harvesting

Nithin Kamath commented on 24 Apr 2016, 02:04 PM

1. Yep you will need audit. Check this module.
2. Yep
3. Yes, since turnover more than 1 cr even though no taxable income.
4. Yes, even if you don’t want to carry forward the loss.
5. Hmmm.. if you have maintained all books and your accounts properly, a CA to audit shouldn’t take more than Rs 10 to Rs 15000.

Btw from this year the turnover limit is revised to Rs 2crores.

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