REGARDING ITR FILING

N MANIKANTA REDDY (PRACTICING CA) (59 Points)

10 July 2020

When assesse had two business incomes, can he opt one business under 44ad and other business under normal scheme.

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4 Replies

Bhavik Sankhla (nil) (54 Points)
Replied 10 July 2020

Yes assessee can opt one under normal scheme and one under 44 AD

N MANIKANTA REDDY (PRACTICING CA) (59 Points)
Replied 10 July 2020

Which itr form should we file

SURAJ SHARMA (Junior accountant) (135 Points)
Replied 10 July 2020

Sir how much total turnover both businesses?

N MANIKANTA REDDY (PRACTICING CA) (59 Points)
Replied 11 July 2020

The total turnover for 44ad business is 19lakhs and other is commission income of rs. 29000

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