Turnover reflection in ITR

[CHANDRASEKHAR Akula]

I have a proprietory concern which runs wine trading under 2 licences as per AP Government rules. Both the shops are covered under Tax audit for the current year. Now my question is how to reflect the turnover in ITR. Is the total turnover (Both the shops putting togerther) to be reflected? If the case is so, the return on line do not match with the turnovers of the independent shops once they are covered in to assessement under Sec 143. Can any one through some light onver this.

[Dinesh Gupta]

Income Tax Return is filing by an assessee considering his all source of income at once. He can not submit his return for separate source of income separately. Therefore, you have no option but to submit your ITR by aggregating your turnover of both the shops. If the turnover of the individual shop is different from the total turnover, you may ask your Auditor to reconcile the same to find out the reason for difference to remove such difference. If you have already filed the return and case is selected for scrutiny u/s 143, you may submit the details of the turnover with reasons therefore.

AI Summary

Aggregate turnover must be reported in a single Income Tax Return; reconcile shop-level differences and support scrutiny.
The proprietor must aggregate the turnovers of both shops and report the combined amount in a single Income Tax Return. If shop-level figures differ from the aggregate, the auditor should reconcile and document reasons; if the return is selected for scrutiny, furnish reconciled turnover details and explanations under section 143.