Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 August 2014
Sir,
If an assessee has two businesses in two different names and turnover of one is more than 1 crore and one is less than 1 crore, then can he show one under 44AB and other in same tax audit report under section 44AD.
Thanks in Advance
Regards
If an assessee has two businesses in two different names and turnover of one is more than 1 crore and one is less than 1 crore, then can he show one under 44AB and other in same tax audit report under section 44AD.
Thanks in Advance
Regards
CA R SEETHARAMAN
(Expert)
30 August 2014
If the assessee is eligible and doing eligible business u/s 44AD then it can be shown one under 44AB and another under section 44AD(less than 1 crore)
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