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Section 44AF

This query is : Resolved 
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(Querist)
19 August 2009 If a proprietor having two retail business having turnover of Rs. 25 lac & 35 lac respectively. whether he is eligible to take income on presumptive basis u/s 44AF on individual business basis or his total turnover of all the retail business shall be considered for the limit specified in Sec. 44AF.
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Jitender

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Jitender (Expert)
19 August 2009 in this case benefit u/s 44AF is not available.
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