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
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
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