Hello Everyone,
Kindly help if i need Audit and have to file ITR.
Screenshot is attached with this post.
As i don’t have any income from job or business any kind only Bank Savings.
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Do I need an Audit as my profits are also not 6% all are losses ? If Yes what i have to do and when Quartly or After and Year.
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Do I need to file ITR as i don’t have any income and never filed before.
Thanks & Regards
It is said that even if one does not have a taxable income, it helps in the future to file tax. So I think you can file.
you are right. all banks first ask for itr when you need a credit line opened so better to file one even one is below the threshold for taxes.
Audit not required.
IT returns can be filed. But you can’t carry forward loss since the due date to file the same is over.
Always recommended