I am having two proprietorship firms - one is under my name and another one under my HUF name in which I am karta. Both are of course under different PAN Nos and GST nos. One of the firms is under Audit in the current Assessment year, the other one is not.
Are transactions allowed between these two firms and if we do sale purchase between these two firms will there be any issue in Income tax audits and GST Audit?
| Originally posted by : RAJA P M | ||
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Transactions (sale & purchase) will treat as sale & purchase with tax then no more issues... |  |
I agree with Mr. RAJA Sir Advice
Thanks every one for the replies.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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