Dear Colleagues Kindly let me guide for following Point · A Person having two different business both are of totally different nature · In F.Y 2018-19 Both business recorded Turnover above ` 2 cr (means both are under Audit) My Queries are - 1. Whether there will be single Audit Report for both the businesses? because both businesses are operated by one & the same person so we have to file single ITR 4 2. If we prepared one single Audit Report for both business then in business code (under Annx I) whether we have to fill two business codes. 3. Whether we should prepare 2 Audit Report (Two 3CD & 3CB) and consolidate it while prepare Balance sheet of Proprietor & then file single Itr4 Awaiting your reply for the above & other related point of Audit
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Query relating to submission of TAR and return of a proprietor having more than 1 proprietorship
Replies (1)
You can file only one 3cb and 3cd t and itr 3 for an assessee on the basis of consolidated financials. Details of 2 business mention in audit report and itr
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