About sec 44ad
This query is : Resolved
CA Shivam Singh
(Querist)
08 December 2015
Sir,
I have income from pathology, can i file ITR 4S or not??
My Gross reciept is below 1Cr.
Please help me regarding which ITR i have to file.
I have income from pathology, can i file ITR 4S or not??
My Gross reciept is below 1Cr.
Please help me regarding which ITR i have to file.
08 December 2015
Yes you can declare your income u/s 44AD and file ITR 4S unless you have commission income.
CA CS Jainam Shah
(Expert)
08 December 2015
Radiology and Pathology operated by a doctor who is not specialized would be a business.
This view is supported by the Guidance Note on Tax Audit u/s. 44AB of the Income-tax Act, 1961, issued by the Institute of Chartered Accountants of India.
So, you can file ITR 4S by declaring 8% profit of turnover.
This view is supported by the Guidance Note on Tax Audit u/s. 44AB of the Income-tax Act, 1961, issued by the Institute of Chartered Accountants of India.
So, you can file ITR 4S by declaring 8% profit of turnover.
ANKIT AGARWAL
(Expert)
09 December 2015
Every person carrying on Medical Profession is specifically covered u/s 44AA & Not covered under section 44AD.
hence Please Assure that you are not carrying on Medical Profession.
hence Please Assure that you are not carrying on Medical Profession.
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