Sec 44ab

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Ca Nikhil Agarwal (Querist)
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07 January 2012 An individual carring on two propertiship business, so while seeing limit of 60 lac whether the turnover will be seen business wise or as a whole.

if as a whole the under whose naam audit will be done. ie whether individual ke naam me ya propertship business ke naam me.

vipul Shah

vipul Shah (Expert)
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07 January 2012 For this question there could be two answer

1)for individual it will be taken as total
2) If he has taken seprate pan card for each business the it will be treated as seprate entity and limit of 60 lak wil be aplicable to each business.

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