Requirement of clubbing of turnover for the purpose of section 44AB in case assessee is carrying on more than one business

RELEVANT PARAGRAPH 7. For ready reference, the relevant portion of section 44AB, which deals with audit of accounts of certain persons carrying on business or profession is reproduced herein below:- “section 44AB : – Every person (a) carrying on business shall, if his total sales, turnover or gross receipts, as the cast may be in business exceed or exceeds forty lakh rupees in any previous year; (b) XX XX XX (c) XX XX XX get his accounts of such previous year audited by an accountant before the specified date and furnish by that date of report of such audit in the ...