Sec 44ab
This query is : Resolved
Ca Nikhil Agarwal
(Querist)
07 January 2012
An individual carring on two propertiship business, so while seeing limit of 60 lac whether the turnover will be seen business wise or as a whole.
if as a whole the under whose naam audit will be done. ie whether individual ke naam me ya propertship business ke naam me.
if as a whole the under whose naam audit will be done. ie whether individual ke naam me ya propertship business ke naam me.
vipul Shah
(Expert)
07 January 2012
For this question there could be two answer
1)for individual it will be taken as total
2) If he has taken seprate pan card for each business the it will be treated as seprate entity and limit of 60 lak wil be aplicable to each business.
1)for individual it will be taken as total
2) If he has taken seprate pan card for each business the it will be treated as seprate entity and limit of 60 lak wil be aplicable to each business.
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