Audit- manoj rathod
This query is : Resolved
28 June 2011
res. sir,
pls guide me
a person is proprietor of a proprietory concern & karta of a huf oncern
turnover in proprietory concern is 55 lac
turnover in huf concern is 35 Lac
is audit applicable for the huf & proprietory concern ?
pls guide me
a person is proprietor of a proprietory concern & karta of a huf oncern
turnover in proprietory concern is 55 lac
turnover in huf concern is 35 Lac
is audit applicable for the huf & proprietory concern ?
29 June 2011
Dear Manoj,
In your case audit is not required to be done for the proprietory concern and it is not required for HUF as well as the turnover is not crossing 60 lacs for both of them.
Regards
Abhisek Tosniwal
In your case audit is not required to be done for the proprietory concern and it is not required for HUF as well as the turnover is not crossing 60 lacs for both of them.
Regards
Abhisek Tosniwal
Message likes :
1 times
30 June 2011
I agree with Abhisek..
For your clarity, HUF and individual (proprietor) are two separate persons under income tax.
For your clarity, HUF and individual (proprietor) are two separate persons under income tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- ITR 4 OR ITR 3 WHICH FORM CHOOSE
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
