CA Final/Inter Fast track classes available for May 20 attempt. Call: 1800-3000-0505

Urgent-assesse have two different nature of business


Vivek Jain (CS)     21 September 2013

Vivek Jain
CS 
 204 points

| My Other Post

If individual have two different nature of business and both are liable to tax audit seperately by one CA. Then how to upload there tax audit report ??  As assesse have Added CA but only one report can be uploaded for one CA.

Please reply??

avater

Deepak Gupta (CA Student)     21 September 2013

Deepak Gupta
CA Student 
 2316 likes  15052 points

View Profile | My Other Post

Originally posted by : Vivek Jain
If individual have two different nature of business and both are liable to tax audit seperately by one CA. Then how to upload there tax audit report ??  As assesse have Added CA but only one report can be uploaded for one CA.
Please reply??

If an individual assessee carries on more than one business activity, the results of all business activities should be clubbed together.
.
In other words, the aggregate turnover and/or gross receipts of all businesses carried on by an assessee would be taken into consideration in determining whether the prescribed limit (Presently Rs.1 crore w.e.f. A.Y. 2013-14) has been exceeded or not.
.
Refer Para 5.19 of Guidance Note on Tax Audit (2013)

avater

Vivek Jain (CS)     22 September 2013

Vivek Jain
CS 
 204 points

View Profile | My Other Post

clubbing provision is ok to me. My question is INDIVIDUAL HAVE TWO SEPERATE BUSINESS WITH SEPERATE PAN NO. ALSO. THEN HOW TO FILL E-UTILITY FORM TO UPLOAD TAX AUDIT REPORT.

We can club the data while filing his return but as per new rule to upload tax audit report how to upload both the tax audit report having two different PAN no.

avater

flyerbeyondabyss (AiA)     09 October 2013

flyerbeyondabyss
AiA 
 3 likes  54 points

View Profile | My Other Post

How it comes that an Assessee have TWO PAN numbers...?

Do you mean He runs a Partnership Firm too!! Managing Partner ??


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »