Presumptive taxation for two different business

Hi team,
My query:
Assessee is an individual having two different business.
whether he can opt for presumptive taxation for one business and other business under normal provisions of the income tax act??
kindly guide me regarding this..
Thanks in advance...
Replies (4)
Quick Summary
This discussion clarifies whether an individual can operate two different businesses under separate tax schemes. The consensus is yes, you can opt for presumptive taxation for one business while applying normal tax provisions to the other. This is permissible as long as you adhere to the specific rules governing the presumptive taxation scheme for the chosen business.

Yes, you can, for one business you can go under presumptive income & for another normal scheme, Provided you follow provisions of presumptive rules
Thank you
Presumptive taxation scheme is seperate.
Query is resolved on 28/07/2023...
Don't hit replies in thanked query based only for points table...
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