Can we file the income u/s 44ad aswel as business with books

Indudhar (Tax Advocate) (427 Points)

07 March 2012  

hi friends,

My client is having two business,

1)  wholesale business 

2) Contract Works

He has maintained detailed books of accounts for only his wholesale business.

Can we file his return showing one business as special business u/s 44AD and another business with books of accounts?

And his net income arrived doesnt cross the taxable limit..

Please guide me..