Tax audit u/s 44 ab
This query is : Resolved
Praveen Kochar
(Querist)
05 December 2011
AN ASSESSEE HAS 3 DIFFERENT NAME OF BUSINESS.
SAY AS A(CEMENT BUSINESS), B(PAPER BUSINESS) & C(CONSTRUCTION BUSINESS).
I HAVE TO DO THE TAX AUDIT OF THIS ASSESSEE.
WHETHER 3 SEPERATE BALANCE SHEET, PROFIT & LOSS A/C & TRADING ACCOUNT IS MADE OR SINGLE BALANCE SHEET IS MADE & SEPARATE TRADING & PROFIT & LOSS ACCOUNT IS MADE?
WHAT SHOULD BE DONE?
WHAT ABOUT 3CD?
PLEASE TELL WHAT SHOULD BE DONE?
SAY AS A(CEMENT BUSINESS), B(PAPER BUSINESS) & C(CONSTRUCTION BUSINESS).
I HAVE TO DO THE TAX AUDIT OF THIS ASSESSEE.
WHETHER 3 SEPERATE BALANCE SHEET, PROFIT & LOSS A/C & TRADING ACCOUNT IS MADE OR SINGLE BALANCE SHEET IS MADE & SEPARATE TRADING & PROFIT & LOSS ACCOUNT IS MADE?
WHAT SHOULD BE DONE?
WHAT ABOUT 3CD?
PLEASE TELL WHAT SHOULD BE DONE?
05 December 2011
1. One balance sheet for each business.
2. One P & L account for each business.
3. One Form 3CB.
4. One 3 CD for each business.
2. One P & L account for each business.
3. One Form 3CB.
4. One 3 CD for each business.
Ratan Sharma
(Expert)
05 December 2011
Agree with expert except sn. 4 i.e. only one 3CD for all business.
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