Audit of hospital


This query is : Open 

07 September 2017 Dear Sir,
For private hospitals/ nursing homes shall we take 8% or 50% of income on total receipts to avoid audit u/s.44AD please explain in detail sir

Thanks in advance sir

08 September 2017 Hospital or NursingHome is come under purview of business ,will not come under purview of 44ADA declare 50%


You have not explained status of formation whether trust or company Act required audit of books of accounts is mandatory you have to fill profit and loss account and Balance sheet.


08 September 2017 The hospital is a proprietorship concern please advice sir shall i take 8% or 50% income


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