Urgent pls: regarding tax audit & presumptive taxation
Querist : Anonymous
Please clear "whether a assessee who has two(2) business viz. One is labour supply business and another is steel trading business....
Can he opt this option:
Declare income u/s 44AD for labour supply business & opt tax audit for Steel trading business????
Please also clarify "how the ITR will be filled in that situation"????
Thanks for solving query...
he has to get accounts audited for both business.
ITR has to be filed for both business after audit.
Hence Tax Audit is applicable to Both.
Querist : Anonymous
The assessee wish to get audited under one business & presumptive taxation under other business.....
can it be done?
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