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Audit u/s 44AB

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(Querist)
20 September 2010 sir,
one of my Client runs 2 Proprietory firms, & the turnover of one of there firm exceeds 40Lacs limit but another firms turnover is about 10 lacs, Whether we need to audit both the firms or only that firm which exceeds 40 Lacs limit,,,
Hoping for an early reply

Yatharth Sharma
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
20 September 2010 Since the assessees turnover is more than 40 lakhs all business needs to be audited.
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YATHARTH SHARMA

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YATHARTH SHARMA (Querist)
22 September 2010 thanks aditya sir, I was of the same opinion too..
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