Since the Businesses are proprietory , we are not filing the return of the business but of the proprietor. Return of income tax is filed for the proprietor and not for the business. Hence I agree with the single audit view expressed above.
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Tax Audit Ceiling
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Since the Businesses are proprietory , we are not filing the return of the business but of the proprietor. Return of income tax is filed for the proprietor and not for the business. Hence I agree with the single audit view expressed above.
obviously Single Audit
One Audit.However 3CD will be separate for each business.
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