if I have multiple business units.
rate of profit of unit 1 is 2% and unit 2 is 15%. and my average profit rate is 10%. Am I eligible for presumptive income?
Can I file ITR 4 ?
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presumptive income for multiple business
Replies (5)
what type of business ?
unit 1 Retailer
unit 2 professional
unit 2 professional
You are eligible if turnover of retail business does not exceed 2 crores and 50 lakhs for professional business
thank you Gourav sir
but both units are retailers?
but both units are retailers?
what type of professional ?
if it's falling under 44ADA then averaging not possible
if it's falling under 44ADA then averaging not possible
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