17 December 2009
assessee (Mr A) has 5 business i.e. sorce of income 1. manufacturing cigrattes--35 lac 2. manufacturing toys---15 lac 3. retailer------40 lac 4. profession----38 lac 5. services (supporting)--4 lac
for calculating limit of 40 lacs whether all should be clubbed or only business of same nature should be clubbed & 3 audit reports should be prepared (1 for 2 manufacturing bs+1 for retail+1 for professon+servics)+(1 computation for all)?????????????????
17 December 2009
sir so whether u have calculated limit of 40 lacs separately for above 5 sources or combined limit i.e. if professional---28 lacs only then only we have to submit all reports (5)
17 December 2009
limit of all above sources need to be calculated as combined limit. and I am different with Mr. B. Chackrapani Warrier as u have to file 5 3CB & 3CD.
CAclubindia
