a person in financial year does trading of namkeen and biscuit and also own a commercial vehicle for transportation of good of other people such as vegetables and milk from market to destination ?., how can person show income in both sections 44 ad and 44 ae?
income from business and income from transportation.
As per section 44AD, person doing transportation business is not eligible to declare business income under presumptive scheme.
So, you can only declare transportation business under sec, 44AE, but for business income you have to get it assessed under normal process.
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