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One business u/s 44ab & other u/s 44ad

Pawan Mittal (CA Final) (711 Points)

28 March 2013

Dear Experts

Is it possible that one Assessee is carrying on one business u/s 44AB and other u/s 44AD?

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4 Replies

varsha (ca inter) (47 Points)
Replied 28 March 2013

Originally posted by : Pawan Mittal
	Dear Experts Is it possible that one Assessee is carrying on one business u/s 44AB and other u/s 44AD?

yes ,as per my opinion we can keep both the section 44AB & 44AD individuly if person carrying 2 business & one business applicable business audit & other not then he can take.......................but u jst confirmed with others.................

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nikhil ((CA Final) Article) (363 Points)
Replied 28 March 2013

Yes u can do it 2 or more business

Ramanuj (Accountant.) (834 Points)
Replied 28 March 2013

i think it is not possible for one assessee can file return u/s 44ab & ohter u/s 44ad because one assessee can return file once time. have one pan no. how can possible. please wait another ans.

thanks

Regards.

Ramanuj