Audit of Two Business of Same Company


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Quick Summary
A private limited company with two distinct businesses, each exceeding one crore in turnover, needs to file a single audit report under Section 44AB. The correct procedure involves clubbing the figures from both businesses. You'll need to prepare three separate final accounts and then consolidate these figures for the audit report and the Income Tax Return (ITR).

(Querist)
12 September 2023 A Pvt. ltd. company is having two businesses, and turnover of both the business is over one crore.

How can i file its audit report u/s 44AB ?
(whether of one business having greater turnover OR figures to be clubbed and then file the audit report )

Please solve this query

TIA


12 September 2023 Club the figures and proceed to file.

Subhash Jain (Querist)
13 September 2023 Three final accounts needs to be made and then clubbed figures to be incorporated in Audit report and in ITR.


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