24 January 2011
Sir, I have two proprietorpryship firm namely "ABC" in Delhi and in same name "ABC" in Utter Pradesh under same Proprietor, both firms exceed turnover limit Rs.60 lacs, I want to make separete Balance Sheets as well as separete Profit & Loss A/c and wants to get Audited by same CA. Is it possible as per Income Tax & VAt Departments. Thanks in Advance
24 January 2011
You can make spread balance sheets of both prop. firms, but as per income tax concern you need to club both balance sheets & p &l a/c, and paid income tax total income
CAclubindia
