Requirement of Tax Audit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2010 Sir,
I have all registrations in Delhi, in which my turnover exceeds Rs.40 lacs, for which I have audit my books u/s 44AB of Income Tax, for this i have no doubt.
I have another sales office in the state of Haryana from where I am dealing in sales tax free goods (all transactions are of cash nature) and I have not informed to any department. for Haryana state office Separate Tax Audit is required or not. What will be the status of income tax return i.e. i have to merge both the balance sheets or not.
Whether I require merge balance sheet to be signed by the CA.

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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31 May 2010 If you are doing both business in the same or if proprietor is same for both business, in that case you have to prepare one balance sheet and you have to get your acounts audited u/s 44 AB of the Income tax if your turnover exceeds 40 lacs. w.e.f Assessment year 2011-12 limit increased to 60 lacs.

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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