Tax Audit
This query is : Resolved
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.
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.
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)
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
