Applicability
This query is : Resolved
Quick Summary
08 November 2024
audit u/s 44AB required for Nursing HOME
Dhirajlal Rambhia
(Expert)
08 November 2024
Yes, if turnover criteria applicable.
09 November 2024
But CPC has send defective memo to submit audit report because of you are doing profession and you have submitted ITR showincome under head I ncome from Business or Profession
Dhirajlal Rambhia
(Expert)
09 November 2024
What is your turnover declared in ITR? What was the business code selected?
09 November 2024
There was 79 crore turnover shown in health care services general hospitals code 1801
Dhirajlal Rambhia
(Expert)
09 November 2024
That is specified profession, so tax audit applicable when the turnover exceeds 50 lakhs.
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