Are the income criteria and turnover criteria of 44AA separate for each business?

sai reddy (94 Points)

28 December 2024  

Respected Sir,
I have presumptive business with turnover of 40 lakhs and profit of 20 lakhs. I also have speculative turnover(intraday trading) of 10000 and income of 1000. Am I liable to maintain accounts as per section 44AA? 
Are the income criteria and turnover criteria of 44AA separate for each business?
Thank you for your time.