17 September 2014
Scenario:
Mr.X is an individual, carrying on two business in two different places (nature of organisation- sole proprietorship) namely X enterprises and Y enterprises...
turnover of X enterprise is 70 lakhs and that of Y enterprise is 80lakhs.
whether Mr.X has to get his books audited under 44AB?
17 September 2014
the ans is yes as he needs to look at both business as 1 for finding the turnover aggregate is required to check so in this case its 150 lakhs and tax audit is applicable
CAclubindia
