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Proprietorship firm

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08 October 2016 Hello Sir,
My Client is proprietor in two firm and total turnover exceeds 1 crore and he requires audit. So how to present his books in terms of audit ? Will anyone suggest me ?

14 October 2016 Since the turnover has increased 1 crores it is necessary to do audit. The source of income is not the criteria for the tax audit it is the income which has to be taken into consideration.



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