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Urgent-assesse have two different nature of business

Vivek Jain (CS) (205 Points)

21 September 2013

If individual have two different nature of business and both are liable to tax audit seperately by one CA. Then how to upload there tax audit report ?? As assesse have Added CA but only one report can be uploaded for one CA.

Please reply??

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3 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 21 September 2013

Originally posted by : Vivek Jain
	If individual have two different nature of business and both are liable to tax audit seperately by one CA. Then how to upload there tax audit report ?? As assesse have Added CA but only one report can be uploaded for one CA. Please reply??

If an individual assessee carries on more than one business activity, the results of all business activities should be clubbed together.
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In other words, the aggregate turnover and/or gross receipts of all businesses carried on by an assessee would be taken into consideration in determining whether the prescribed limit (Presently Rs.1 crore w.e.f. A.Y. 2013-14) has been exceeded or not.
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Refer Para 5.19 of Guidance Note on Tax Audit (2013)

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Vivek Jain (CS) (205 Points)
Replied 22 September 2013

clubbing provision is ok to me. My question is INDIVIDUAL HAVE TWO SEPERATE BUSINESS WITH SEPERATE PAN NO. ALSO. THEN HOW TO FILL E-UTILITY FORM TO UPLOAD TAX AUDIT REPORT.

We can club the data while filing his return but as per new rule to upload tax audit report how to upload both the tax audit report having two different PAN no.