banner_ad

Audit of business.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 September 2009 An individual carrying on business in 2 different name. The Turnover of both business is less than 40 lakhs but in aggregate the turnover exceeds 40 lakhs. Whether the individual is required to go for audit of both the business?
Profile Image

C.A.Harish Singh

Profile Image

C.A.Harish Singh (Expert)
16 September 2009 Yes,if aggregate turnover exceeds 40 lakhs Of both business then individual required to audit his books of account. However if any of two business fall u/s 44AD,44AE, 44AF and after deducting turnover of that bussiness Turnover not exceeds 40 Laks then he would not requried tax audit.
Profile Image

CA Gangadhar Mishra

Profile Image

CA Gangadhar Mishra (Expert)
16 September 2009 agree
Profile Image

Sanjay Jain

Profile Image

Sanjay Jain (Querist)
17 September 2009 Thank you sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details