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44ab audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 June 2013 My client is having two businesses both are proprietorship concern and the proprietor is one .in 1 business turnover is 65laks and in another 60 lakhs whether section 44AB is applicable and is accounts to be audited or can he go for estimation under sec44AD
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Suresh Mittal

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Suresh Mittal (Expert)
09 June 2013 The audit u/s 44AB is to be conducted as the total turnover of the business(es) of the assessee is more than the limit i.e. Rs.100.00lacs.
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Sanket

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Sanket (Expert)
09 June 2013 yes in proprietoship, it does not concern with individual business .... considation of both business is applicable. so in ur case 44ab is applicable.
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