Tax audit u/s 44 ab
This query is : Resolved
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.
05 December 2011
Agree with expert except sn. 4 i.e. only one 3CD for all business.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Presumptive income under 2025 ACT
- TAX AUDIT QUESTION
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
