Section 44AF


This query is : Resolved 

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.

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


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