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presumptive income for multiple business

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28 Points Posted on 17 August 2019
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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On 17 August 2019 at 19:00 Report
Replies (5)
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3924 Points Posted on 17 August 2019
what type of business ?
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On 17 August 2019 at 19:05
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28 Points Posted on 17 August 2019
unit 1 Retailer
unit 2 professional
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On 17 August 2019 at 19:08
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155 Points Posted on 17 August 2019
You are eligible if turnover of retail business does not exceed 2 crores and 50 lakhs for professional business
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On 17 August 2019 at 19:18
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28 Points Posted on 17 August 2019
thank you Gourav sir
but both units are retailers?
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On 17 August 2019 at 19:20
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17264 Points Posted on 17 August 2019
what type of professional ?
if it's falling under 44ADA then averaging not possible
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On 17 August 2019 at 19:37


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