44ada
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2016
SIR i am doctor running a nurshing home ,IF I HAVE GROSS RECIPT of Rs 3000000/- i spent 1000000/- on running my hospital and remaining 2000000/- show in capital if i take advantage of 44ADA then how much incometax should i pay in assessment year 2017-18 and how much amount i can add in my capital
20 September 2016
You can add 20 lacs in your capital and pay Tax on 15 lacs. Withdrawals and tax payment has to be deducted from your capital.
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