The 2025 Act introduces compulsory tax audit for businesses declaring profits below 6% or 8% of turnover. The shift eliminates the earlier opt-out condition, expanding audit applicability from ...
A salaried individual with F&O losses in FY 2024–25 assumed that the September 31 tax audit deadline applied to him. But what is the actual ITR due date when a tax audit is not required? Ask Wallet ...
Many first-time F&O traders are confused about whether they need a tax audit when they report losses. Here’s an expert clarification on how Section 44AD and audit rules actually apply in such cases.
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