Audit of hospital
This query is : Open
Shaik Shair Ali
(Querist)
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
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
KAVIRAJA ADDANGADI
(Expert)
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.
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.
Shaik Shair Ali
(Querist)
08 September 2017
The hospital is a proprietorship concern please advice sir shall i take 8% or 50% income
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