One person has 2 business.
1 Business has turnover of 50 lakhs and profit of 10 lakhs.
2nd business has turnover of 30 lakhs and loss of 1 lakhs.
Can this person file return under 44AD as profit combined for both business is more than 8%?
Yes Dear,
you can file.
Combine turnover of your business is below audit limit (that is 1CR u/s 44AB) and your profit is more than 8% so you can file the return u/s 44AD.
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