tax audit U/s 44AB
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 November 2010
if a person is carrying on two businesses and only one business has a turnover of 40 lacs and the other business has a turnover of less than 40 lacs.then in such a case shall both the buisiness has to come under tax audit or only the single business which has turnover of 40 lacs.
thanks in advance
thanks in advance
11 November 2010
both business
11 November 2010
Agreed with navin if the person is not carrying the business in two separtes companies or an entity which is a separate legal firms.
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