44ad of income tax

This query is : Resolved

SHREYANSH B SHAH (Querist)
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26 March 2014 Hi expert

One of my Proprietor Client doing two Bisiness
1. JOB Working
2. Trading

Now Total T/o is 1.3 crore( 7 lac- Job Work and 60 lac -trading )
In this case whether I can go for 44AD in case of trading as t/o is 60 lac and in case of JOB work regular return

Nikhil Kaushik

Nikhil Kaushik (Expert)
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26 March 2014 nopes..given that both the businesses are covered under 44AD eligible businesses, you are not eligible as cumulative turnover is in excess of 1 cr.