banner_ad

Proprietorship

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 September 2013 can a person be proprietor in two firms?????
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
30 September 2013 Yes. You could be running two different businesses with different trade names. However for tax purposes, revenues would be clubbed.
Profile Image

Ankur Agrawal

Profile Image

Ankur Agrawal (Expert)
30 September 2013 I agree with Mr. Nikhil.
Profile Image

C A S.S.Agarwal, M.Com.,LL.B,

Profile Image

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
21 October 2013 Yes he can be proprietor of any number of firms but if the total turnover of all the firms taken to-gather exceeds the minimum turnover required for tax audit is over then you have to get all the firms audited by a CA
Profile Image

CA.Vinita Gupta

Profile Image

CA.Vinita Gupta (Expert)
21 October 2013 Yes the Proprietor can run two business but the Total Turnover would be conisdered for the purpose of calculating the Turnover. Agreed with the reply of the above experts
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
26 November 2013 Yes aggregate revenue needs to be considered.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details