Tax Audit Report
GOPAL KUMAR AGRAWAL (PARTNER) (205 Points)
21 August 2009GOPAL KUMAR AGRAWAL (PARTNER) (205 Points)
21 August 2009
llllVICTORllll
(Internal Auditor)
(511 Points)
Replied 21 August 2009
I think, you can give single report, as you are giving tax audit report for the person than his business (as it a proprietory concern)...
CA Abhiram Bharat.
(Assistant Manager Taxation)
(508 Points)
Replied 21 August 2009
first u shud clear it out whether the total turnover if both the concerns is INDIVIDUALLY above Rs. 40 crores.
if yes,, then. u shud file the separate tax audit report bcz, other than being a single owner there are many other points affecting the same..
at the end u hav to disclose the GP , NP & stock turnover ratio which cnt be same if the sales, closing stock & net profit figure varises from each other
REGARDS
Batul
(Article assistant)
(207 Points)
Replied 20 October 2009
the propreitory concern should individually have total turnover above 40 lakhs otherwise as abhiram said it is not accurate to find out the gross profit and net profit ratio