Tax Audit of a Proprietor having 2 different businesses
This query is : Resolved
CA.SHAHZAD SAYYED
(Querist)
06 April 2011
Dear Colleagues
Kindly let me guide for following Point
· A Person having two different business both are of totally different nature
· In F.Y 2010-11 Both business recorded Turnover above ` 60 Lac (means both are under Audit)
My Queries are -
1. Whether there will be single Audit Report for both the businesses? because both businesses are operated by one & the same person so we have to file single ITR 4
2. If we prepared one single Audit Report for both business then in business code (under Annx I) whether we have to fill two business codes.
3. Whether we should prepare 2 Audit Report (Two 3CD & 3CB) and consolidate it while prepare Balance sheet of Proprietor & then file single Itr4
Awaiting your reply for the above & other related point of Audit
Kindly let me guide for following Point
· A Person having two different business both are of totally different nature
· In F.Y 2010-11 Both business recorded Turnover above ` 60 Lac (means both are under Audit)
My Queries are -
1. Whether there will be single Audit Report for both the businesses? because both businesses are operated by one & the same person so we have to file single ITR 4
2. If we prepared one single Audit Report for both business then in business code (under Annx I) whether we have to fill two business codes.
3. Whether we should prepare 2 Audit Report (Two 3CD & 3CB) and consolidate it while prepare Balance sheet of Proprietor & then file single Itr4
Awaiting your reply for the above & other related point of Audit
06 April 2011
1. Single audit report.
2. Both business codes.
3. Two 3CD. Consolidate figures and file one ITR-4.
2. Both business codes.
3. Two 3CD. Consolidate figures and file one ITR-4.
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