Tax audit 44ab

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CA Arpan Dadda (Querist)
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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

CA Arpan Dadda (Querist)
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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

CA PARAS BAFNA (Expert)
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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.
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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 April 2015 You must check the aggregate turnover of all business undertaken by an assessee.

CA Arpan Dadda

CA Arpan Dadda (Querist)
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24 April 2015 Thank you @ca paras bafna

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