I have two business firm.
In 1st firm sales is 23145678 , I.e it would get audited & I m not required to pay tax @ 8% .
In 2nd firm Sales is below 1 crore . then either I need to audit it or pay tax @ 8% ?
You need to audit both the business firm
explanation for the same:-
where the assessee is "Proprietor" of more than one concern, Aggregate of all thr business to be taken into consideration for the purpose of compliance with the provisions of sec 44AB
CAclubindia
