REGARDING ITR FILING

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PRACTICING CA
59 Points Posted on 10 July 2020
When assesse had two business incomes, can he opt one business under 44ad and other business under normal scheme.
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On 10 July 2020 at 20:15 Report
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This discussion clarifies whether an assessee with two distinct business incomes can choose to file one under Section 44AD and the other under the normal scheme. The answer is yes, you can indeed use different schemes for separate businesses. The specific ITR form to be used depends on the total turnover of both businesses, with one business having a turnover of 19 lakhs under 44AD and the other earning commission income of Rs. 29,000.

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nil
54 Points Posted on 10 July 2020
Yes assessee can opt one under normal scheme and one under 44 AD
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On 10 July 2020 at 22:01
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PRACTICING CA
59 Points Posted on 10 July 2020
Which itr form should we file
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On 10 July 2020 at 22:02
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Junior accountant
135 Points Posted on 10 July 2020
Sir how much total turnover both businesses?
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On 10 July 2020 at 23:12
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PRACTICING CA
59 Points Posted on 11 July 2020
The total turnover for 44ad business is 19lakhs and other is commission income of rs. 29000
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On 11 July 2020 at 08:58

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