IT Returns for Two Business Segment

This discussion addresses how to file a single Income Tax Return (ITR) for an individual with two distinct business segments: a commission agency and a motor garage. The core question is whether it's permissible to use presumptive taxation under Section 44AD for the motor garage business (turnover under £1 crore) while maintaining regular books of accounts under Section 44AA for the commission agency business. The consensus is that this approach is indeed possible.