query on accounting treatment for Business with both services and trading as its objectives

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  1. khasim sheik

    khasim sheik New Member

    a person rendering business with service and trade as its objective
    ex: tailoring Business, he sells clothes and he also does tailoring service
    in this case he is rendering tailoring service as well as he is trading clothes
    so how to treat these incomes in filing ITR
    suppose income from tailoring is 45000 and Turnover (44AD) from trade of clothes is 1945500
    what will be his tax implications
    in what head should i treat these incomes

    please help me with my query.
    thank you.
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