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.
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