Section 44ab
This query is : Resolved
Jignesh Selarka
(Querist)
29 February 2012
If one person carries on two business.
Turnover of one business is 50 Lacs and same of the second business.
So that my query is whether we have to check a person is or the separate business is auditable under section 44 AB in the A.Y.2011-12.
Turnover of one business is 50 Lacs and same of the second business.
So that my query is whether we have to check a person is or the separate business is auditable under section 44 AB in the A.Y.2011-12.
Dintakurthi Tirumala
(Expert)
29 February 2012
Yes he has to make audit under section 44AB. For the purpose of section 44AB gross turnover means total turnover of all the businesses of a single assessee carrying on his name.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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