tax audit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 June 2010 Hi
Can any one tell me?
if assessse carry two seperate business then how the tax audit limit crieteria will be count?

Whether singly business or in combination of both business?

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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13 June 2010 If he is a proprietor of more than one business then both turnovers should be combined for calculating whether tax audit is applicable or not. if applicable then you have to tax audit both the firms eventhouh individual turnovers are less than the limit.