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TAX AUDIT U/S.44AB & 44AD

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(Querist)
23 September 2019 Any expert please clarify:
An Assessee havingnTWO seperate Businessess- one having TO more than 2 Crores-So Audit u/s.44AB mandatory. Another having TO less than 50 lakhs and opted Presumptive Tax @ 8% on TO. How to show these in P&L and Balance Sheet Data entry? And also in Form #CD for the AY-2019-20?
Thanks in Advance.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 September 2019 44AB mandatory for both business combined. Not allowed to opt one business alone under 44AD and other under 44AB.
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