I am an Individual, proprietor of Two Concerns which are under audit i have to file the revised returns for the A.Y. 2009-10. Hw can i file them. Shall i have to merge both the balance sheet and profit and loss account for the both the concerns as well as personal balance sheet.
22 May 2010
As per my knowledge, you may prepare no. of Trading and Profit & Loss Account, but prepare only one consolidated Balance Sheet. That the Auditor certify that the of Mr. A - like that only. Moreover, Department of Income Tax maintain the file in the name of the Proprietor (in case of Propritor concern) not in your Est. name.
CAclubindia
