Audit Report with 2 businesses
This query is : Resolved
28 September 2022
A person is having 2 business, out of which turnover of one business was crossed 2 crores and is covered under 44Ab Audit.
Now, my query is:
1. Whether his both business balance sheet is to be clubbed for the purpose of reporting under 3CB-3CD OR it will cover only that business which is under tax audit ?
2. If we cover only one business under tax audit, then how/where we will declare other business income in ITR, and how we will show both PL and BS separately in ITR ?
Now, my query is:
1. Whether his both business balance sheet is to be clubbed for the purpose of reporting under 3CB-3CD OR it will cover only that business which is under tax audit ?
2. If we cover only one business under tax audit, then how/where we will declare other business income in ITR, and how we will show both PL and BS separately in ITR ?
28 September 2022
Both business has to be clubbed for the purpose of reporting in 3 CB 3CD.
In ITR also p and l and BS has to be clubbed.
In ITR also p and l and BS has to be clubbed.
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
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Regarding Applicability of Tax Audit u/s 44AB
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
