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Audit od two business

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2013 An assessee has two businesses. In one business he has sale more than 1 Crore & in 2nd business he has 6 trucks. Whether he can show his trucks income u/s 44AE & make the audit of first business or he has to make the audit of both the businesses.
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kunal

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kunal (Expert)
25 January 2013 only first business is liable to audit u/s 44AB provided that you are showing income from trucks as prescribed u/s 44AE

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