same proprietoryship firm in two states.
This query is : Resolved
24 January 2011
Sir,
I have two proprietorpryship firm namely "ABC" in Delhi and in same name "ABC" in Utter Pradesh under same Proprietor, both firms exceed turnover limit Rs.60 lacs, I want to make separete Balance Sheets as well as separete Profit & Loss A/c and wants to get Audited by same CA. Is it possible as per Income Tax & VAt Departments.
Thanks in Advance
I have two proprietorpryship firm namely "ABC" in Delhi and in same name "ABC" in Utter Pradesh under same Proprietor, both firms exceed turnover limit Rs.60 lacs, I want to make separete Balance Sheets as well as separete Profit & Loss A/c and wants to get Audited by same CA. Is it possible as per Income Tax & VAt Departments.
Thanks in Advance
24 January 2011
No restriction in appointing single CA firm for audit of both the firm.
24 January 2011
You can make spread balance sheets of both prop. firms, but as per income tax concern you need to club both balance sheets & p &l a/c, and paid income tax total income
Guest
Guest
(Expert)
24 January 2011
You can have two B/sheets but in the return of income figures will taken consolidated only.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
