Tax audit
This query is : Resolved
KRISHNAKUMAR PRAJAPATI
(Querist)
25 April 2013
A indivisual assessee is carring on two business( Trading) of different nature out of which tax audit is applicable to one business and not applicable to another. My question is that whether Tax Audit is applicable to another Business to Which its Turn over is below Rs 1,00,00,000/-.
CA Vikas Acharya
(Expert)
25 April 2013
yes tax audit will be done for both the business..
my earlier comment was not correct, pardon.
my earlier comment was not correct, pardon.
CA ASHISH GUPTA
(Expert)
25 April 2013
Tax audit will be applicable for both business.
25 April 2013
If turnover limit is crossed Tax Audit is applicable for both business.
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