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Section 44ad

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(Querist)
20 September 2014 IF TWO OR MORE FIRMS HAVE SAME PARTNERS AND IF COMBINED TURNOVER OF FIRMS IF ABOVE 1.00 CR CAN 44AD BR APPLIED TO BOTH THE FIRMS SEPERATELY .

FOR EG:
FIRM A -TURNOVER 65 LACS
FIRM B-TURNOVER 45 LACS
TOTAL TURNOVER 110 LACS
I.E. AS PER PROVISION OF 44AD GROSS TO FOR ALL BUSINESS OF ASSEE IS ABOVE 1.00 CR .
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 September 2014 each firm will be taxed separately. no clubbing is to be done...
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Rupesh Jain

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Rupesh Jain (Expert)
20 September 2014 every firm have separate PAN then turnover take separately.
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saurabh jain

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saurabh jain (Querist)
20 September 2014 Thanks for the promt reply
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