Audit u/s 44ab
This query is : Resolved
Umaid Singh
(Querist)
08 September 2018
My quary is follows:
My client have two different business. Business one has 1 crore turnover and Business two have turnover of 5 crore.
So i should prepare audit report for both business sperately and file ITR or i should prepare consolidated audit report for both the busines?
My client have two different business. Business one has 1 crore turnover and Business two have turnover of 5 crore.
So i should prepare audit report for both business sperately and file ITR or i should prepare consolidated audit report for both the busines?
Nikhil Kaushik
(Expert)
08 September 2018
for a proprietorship, you need to club everything into one audit report.
08 September 2018
https://www.caclubindia.com/experts/tax-audit-of-a-proprietor-having-2-different-businesses-639045.asp
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