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Tax Audit

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(Querist)
04 July 2009 Hello,
My query is regarding applicability of tax audit.

I have a client who has two propritorship
one has a turnover above 40lakhs
and other has below 40 lakhs.

Is both the concern is liable to tax audit?
or individual is treated as a whole while deciding tax audit?

Thanking You.

Have a nice day.
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Ashok

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Ashok (Expert)
04 July 2009 INDIVIDUAL IS sole CONCERN FOR LIABILITY OF TAX AUDIT.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 July 2009 Both the concerns are liable to tax audit. Refer pages 8 to 11 of 'Issues on Tax audit' an ICAI publication (june 2000 edition)
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saurabh

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saurabh (Expert)
04 July 2009 agree with above experts, both the concerns of the individual are liable to tax audit as the Gross reciepts exceeds Rs 40 lacs
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C A tejal

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C A tejal (Querist)
04 July 2009 Thanks to all experts to all the C A
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