Income tax

This discussion explores whether an individual taxpayer with two businesses (and two GSTNs) can use the presumptive tax scheme (Section 44AD) for one business while opting for the normal scheme (Section 44AB) for the other, given they share a single PAN. The consensus is that this is not possible, as both businesses are typically consolidated, especially if an audit is required. There's no option to choose different schemes for individual businesses under the same PAN.