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.
Tax Audit Ceiling
Page no : 2
Kamal Jain
(FCA)
(200 Points)
Replied 27 November 2009
One Audit.However 3CD will be separate for each business.
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