I have certain queries regarding 44AD & 44ADA mentioned below.
Person carries three businesses. First is professional firm on partnership basis, second is export business on proprietor basis and third retail store on partnership basis. I have certain questional related to it.
1) Can this person opt for both 44AD & 44ADA ? How turnover and gross receipts are calculated in this case ?
2) This person carries business on partnership businesses. Now if he opt 44AD or 44ADA. Is it necessary for his partner also have to opt 44AD or 44ADA ?
3) This person wants to opt for 44AD or 44ADA for two businesses but for one business he wants to calculate according to normal tax system. Is it allowed ?
Awaiting for your insight
Regards