Urgent pls: regarding tax audit & presumptive taxation
Querist : Anonymous
Please clear "whether a assessee who has two(2) business viz. One is labour supply business and another is steel trading business....
Can he opt this option:
Declare income u/s 44AD for labour supply business & opt tax audit for Steel trading business????
Please also clarify "how the ITR will be filled in that situation"????
Thanks for solving query...
he has to get accounts audited for both business.
ITR has to be filed for both business after audit.
Hence Tax Audit is applicable to Both.
Querist : Anonymous
The assessee wish to get audited under one business & presumptive taxation under other business.....
can it be done?
Click here to login now
Similar Resolved Queries
- EPF ECR NEW FILE SEP 17TH 2026
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- Capitalgain tax purposes for valuation report compulsory
- Oct 2025 Invoices
- Under marginal scheme
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- GST on Renting godown to KFCSC for Storage of Raagi
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
