SEO Sai Gr. Hosp.
196650 Points
Joined July 2016
The PAN of both individuals are different. Both proprietors cannot do independent business in one house construction, so for their joint business ITR 3 is not eligible. They have to get PAN & GST no. ( business of 1.40 Crs. require GST no) for their partnership firm for doing joint business, then question can be thought of whether the sec. 44AD is applicable over partnership firm or not.