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Ravi Prasad (Querist)
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23 August 2011 Dear all,
with reference to the above subject, what is the difference between business and undertaking? (turnover of business turnover of undertaking)

thanking you

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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23 August 2011 Ravi Textile Pvt Ltd.
Total Turnover Rs. 5crore( 2crore from 10AA unit+ 3 crore from other business activities)
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This company is having one undertaking eligible for 10AA : Its turnover is 2 crore.

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Section 10AA is available on the basis of undertakings or units.
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Ravi Textile Pvt Ltd. is a business and it may own several undertakings or units.

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