ssi exemption
This query is : Resolved
prashant agarwal
(Querist)
22 June 2010
if 1 owner eg. a partership firm does two business from two different name, having two different products, than will the tourover of both the units be clubbed while calculating the limit of Rs. 400 lakh & 150. lakh
Ajay Raghatate
(Expert)
22 June 2010
No, Both units are separate entity, you have to consider turnover individual basis. for exemption.
Message likes :
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CA Ravi Sisodia
(Expert)
22 June 2010
Turnover should be count Assessee wise. tourover of both the units be clubbed.
Ajay Raghatate
(Expert)
22 June 2010
Turn over should be clubbed, when both company has one Excise premises.
There are two different name of companies,and two different locations.
There are two different name of companies,and two different locations.
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