PLS HELP REGD. TAX AUDIT
This query is : Resolved
18 August 2009
the client has 3 businesses, ALL IN THE PROP. CAPACITY.
the turnover of the businesses is as follows:
1. 32 lakhs
2. 2.5 lakhs
3. 11 lakhs
sec. 44AB is applicable as the total turnover exceeds Rs. 40 lakhs
NOW THE QUES. IS
WHETER THE TAX AUDIT REPORT BE PREPARED FOR ALL THE THREE BUINESSES INDIVIDUALLY
WILL THE ANSWER BE CHANGED IF THE TURNOVER OF 1ST BUSINESS IS 42 LAKHS. IN SUCH CASE, WHETHER TAX AUDIT REPORT BE PREPARED FOR ALL THE THREE BUSINESSES.
PLS REPLY SOON, THANKS IN ADVANCE
the turnover of the businesses is as follows:
1. 32 lakhs
2. 2.5 lakhs
3. 11 lakhs
sec. 44AB is applicable as the total turnover exceeds Rs. 40 lakhs
NOW THE QUES. IS
WHETER THE TAX AUDIT REPORT BE PREPARED FOR ALL THE THREE BUINESSES INDIVIDUALLY
WILL THE ANSWER BE CHANGED IF THE TURNOVER OF 1ST BUSINESS IS 42 LAKHS. IN SUCH CASE, WHETHER TAX AUDIT REPORT BE PREPARED FOR ALL THE THREE BUSINESSES.
PLS REPLY SOON, THANKS IN ADVANCE
18 August 2009
All 3 business will be clubbed together as i assume there is only single PAn for all businesses
18 August 2009
In both the situations, one 3CB and three 3 CD's are required.
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