i have 5 different business with different set of books , having turnover of 20 lakhs plus in each business, but less than 40 lakhs in each of the individual business, dou think i dont need my accounts to be audited u/s 44AB
thnkx
"Devarajan.V" <devarajanv@gmail.com> wrote:
"Devarajan.V" <devarajanv@gmail.
-- Dear friends,
I have a doubt in the following issue. It may look silly, but still i am not fully convinced.
One of my client, who is a doctor by profession is practicing individually and earning gross turnover of around Rs.9.00 lacs. Apartfrom that he is running a Diagnostic centre in which many doctors are employed for salary and my client who himself is a doctor is the sole proprietor for the above said diagnostic centre.
My contention is that the the gross receipts (Individual practice gross receipts and the and the gross receipts of the above said medical diagnostic centre) should be combined for the pupose of 44 AB audit, since the income is from Medical profession to which he belongs and he being the sole proprietor for the Diagnostic centre. But the Assesse's contention is that the Medical diagnostic centre, should be treated as seperate business and it should not be combined for the 44AB audit, though he is the sole proprietor of the Diagnostic centre.
seeking your advice.
Regards,
suryanarayanan
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