Section 44AD

simran jeet (33 Points)

02 September 2018  
Assessee is having 2 businesses. The turnover of the 1st business is Rs 50 lacs and turnover of 2nd business is Rs 40 lacs. He wants to show 1st business income under 44ad and 2nd under normal business income. Can he do so?? If yes, which ITR will be applicable. ITR 4S or ITR 3??