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Tax Audit

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28 October 2017 Assessee has two businese proprietary firms. One has profit above 6%, other's is below 6%. Turnover put together doesn't exeed 2 crores. Whether tax audit is required for both firms.
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CA Ysil Karunai

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CA Ysil Karunai (Expert)
28 October 2017 Tax Audit to be done for each and individual business only. In your case, the profit below the prescribed percentage only to be Audit.

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