20 April 2013
ABC is a Private Limited Company carrying on profession of Dental Care Services. Turnover for FY 11-12 is Rs.50 Lacs. Whehter tax audit is applicable? Whether the company can be considered professional as it does not have any professional skills? it carries on the profession through its whole time director who is a doctor.
20 April 2013
Such type of services are covered under the profession -particularly prescribed as Medical Profession. . Section 44AA talks about any "person" and Pvt Ltd Company is also covered under the definition of "Person". .
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