sir, If a person has 3 business which all are under audit ,how many report will have to prepare?report for every business or report on individual's capacity means one consolidated report for all business.plus if such individual has its personal liabilities over and above its business liabilities and had paid interest for that.how should one present it into audit report?
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help in query of audit report
Replies (4)
While filing ITR 4 you have to consolidate the Acccounts
audit repoet should be prepared separately for all business.
there are no such provisions of consolidation of report
audit report should be prepared seprate for all three bussiness
Separate reports are necessary. in case of personal assets and liablities u can prepare statement of assets and liabilities or alternatively u can route it through capital account
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