If an assessee has more than one business can he opt separate method for both or same method is to be followed like presumptive for both and if yes is turnover to be considered as combined or different for limit of 2 crores
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Income computation in case of more than one business
Replies (2)
If both the businesses are eligible under sec. 44AD, combined turnover is considered for the eligibility.
If any one not eligible under the section 44AD, presumptive assessment cannot be adopted for both.
What are types of both businesses ?
please provide for exact reply
please provide for exact reply
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