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Section 44ab

This query is : Resolved 

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.

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



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