20 September 2014
IF TWO OR MORE FIRMS HAVE SAME PARTNERS AND IF COMBINED TURNOVER OF FIRMS IF ABOVE 1.00 CR CAN 44AD BR APPLIED TO BOTH THE FIRMS SEPERATELY .
FOR EG: FIRM A -TURNOVER 65 LACS FIRM B-TURNOVER 45 LACS TOTAL TURNOVER 110 LACS I.E. AS PER PROVISION OF 44AD GROSS TO FOR ALL BUSINESS OF ASSEE IS ABOVE 1.00 CR .
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