Two business-balance sheet
This query is : Resolved
12 June 2020
I have already one business and I started one another new business from f.y. 2019-20 then in balance sheet it included or make another new separate balance sheet for new business?
12 June 2020
STATUS OF YOUR BUSINESS.
PROPRIETORSHIP TAX AUDIT THEN INCLUDE BOTH IN ONE.
PROPRIETORSHIP TAX AUDIT THEN INCLUDE BOTH IN ONE.
12 June 2020
no audit. - can make two p&l and only one balance sheet for two business for ITR
12 June 2020
Whatever be the form of business, separate balance sheet have to be prepared.
If its a proprietorship firm then also separate balance sheet will be prepared and profit will be taxable in your hands.
If its a proprietorship firm then also separate balance sheet will be prepared and profit will be taxable in your hands.
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