Audit u/s 44ab
This query is : Resolved
14 May 2013
if a single proprietor is having more than one one proprietorship then whether the turnover of all the enterprises would be clubbed to check audit u/s 44ab
14 May 2013
no.. limit u/s 44AB for audit purpose is to ascertained business wise, NOT assessee wise..
14 May 2013
Then in that case a chance is with the assessee to open as many as proprietorship firm as he want and non of them would fall in audit if individually their turnover is below 1 cr that is limit of 44ab instead of the fact that the total turnover is more than 1 cr
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