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Audit query
urgent query!
A proprietor firm & it's branch are both eligible for audit shld we submit a consolidated balance sheet n p&l a/c for the firm r seperate financial statements?? online what al documents shld we submit separate r consolidatd???
Replies (1)
As far as a proprietor is concerned, his liabilty to tax audit should be determined for him as an assessee and not indivdually for his businesses or branches.
The soft copies of the PL statements and BS of all businessshould be uploaded along with audit report. If consolidated than the same can be uploaded
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