if I have multiple business units.
rate of profit of unit 1 is 2% and unit 2 is 15%. and my average profit rate is 10%. Am I eligible for presumptive income?
Can I file ITR 4 ?
5 Replies
Gaurav Sharma
(155 Points)
Replied 17 August 2019
You are eligible if turnover of retail business does not exceed 2 crores and 50 lakhs for professional business
Kapadia Pravin
(17259 Points)
Replied 17 August 2019
what type of professional ?
if it's falling under 44ADA then averaging not possible
if it's falling under 44ADA then averaging not possible
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