Conflict in 44ab audit
This query is : Resolved
17 September 2014
Scenario:
Mr.X is an individual, carrying on two business in two different places (nature of organisation- sole proprietorship) namely X enterprises and Y enterprises...
turnover of X enterprise is 70 lakhs and that of Y enterprise is 80lakhs.
whether Mr.X has to get his books audited under 44AB?
17 September 2014
the ans is yes as he needs to look at both business as 1 for finding the turnover aggregate is required to check so in this case its 150 lakhs and tax audit is applicable
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
- Treatment of Proceeds from sale of Jointly held Flat
- TDS Under Section 194IA Where More than one Buyer and More than one Seller
- Refund of return filed for deceased
- ISSUANCE OF TAX INVOICE IF CAR/BIKE SOLD SHOWN IN FIXED ASSET
- Interest on Capital-Partnership Firm
- LTCG loss on delisted shares
- Insolvency and Bankruptcy code 2016
- Investment in Two Residential Houses
- Common Error generated at the time of online correction in TRACES
- Licenses/registrations to be updated for change in name of company
- Itc claim of capital goods
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
- Switch over to Composition Scheme
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
