TaxTMI 
TaxTMI 
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.
Turnover reflection in ITR
24 Aug 2009 
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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. (AI Summary)
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. (AI Summary)