Proprietorship firm
This query is : Resolved
08 October 2016
Hello Sir,
My Client is proprietor in two firm and total turnover exceeds 1 crore and he requires audit. So how to present his books in terms of audit ? Will anyone suggest me ?
My Client is proprietor in two firm and total turnover exceeds 1 crore and he requires audit. So how to present his books in terms of audit ? Will anyone suggest me ?
14 October 2016
Since the turnover has increased 1 crores it is necessary to do audit. The source of income is not the criteria for the tax audit it is the income which has to be taken into consideration.
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