3cd report

This query is : Resolved 

28 May 2014 Mr. ABC is proprietor of A Enterprises, B Enterprises and C Enterprises. In A,B,C, enterprises their t/o for FY is Rs. 125.00 lacs, Rs. 150.00 lacs and 200.00 lacs respectively. He obtained Audit report from 3 different Auditor for their respective business. Please guide me the procedure of filing of Audit Report to the Department. Whether all 3 business will be merged and one balance sheet & profit & loss a/c is to be prepared ?

28 May 2014 yes a consolidated accounts needs to be filed in this case.

30 May 2014 yes you can combined the accounts then file the return of income tax.




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