Tax audit 44ab
This query is : Resolved
CA Arpan Dadda
(Querist)
18 April 2015
If a person with same name has two business firm and total turnover of both the firm is 1 crore 2 lakhs does the TAX audit is applicable to him.
CA Arpan Dadda
(Querist)
18 April 2015
and in case it is two different business under two different firm so wethere TAX audit will be there or not
CA PARAS BAFNA
(Expert)
18 April 2015
Turnover limit has been prescribed qua-assessee. Means, Total Turnover of all the firms of the assessee, whether carrying on same business or not, is taken into consideration for the purpose of deciding the applicability of Section 44AB.
.
.
18 April 2015
You must check the aggregate turnover of all business undertaken by an assessee.
CA Arpan Dadda
(Querist)
24 April 2015
Thank you @ca paras bafna
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