business and profession
This query is : Resolved
29 February 2008
whether running a pathology laboratory is business orprofession for 44 AB
29 February 2008
please reply
29 February 2008
pls clerify ur query.
whether u want to confirm specified profession or tax audit.
whether u want to confirm specified profession or tax audit.
29 February 2008
FOR PUROSE OF SECTION 44AA AND RULE 6F
(MAINTAINING BOOKS OF ACCOUNTS),MEDICAL,LEGAL,ENGG,ARCHITECTURAL,ACCOUNTANCY,,TECH. CONSULTANCY,INTERIOR DECORATION AND OTHER NOTIFIED PROFESSIONS ARE SPECIFIED PROFESSIONS .
OTHERS ARE NON SPECIFIED PROFESSIONS.
PATHOLOGY IS A BRANCH OF MEDICINE .A PATHOLOGIST WHO IS PRACTICING IN A PARTICULAR BRANCH OF MEDICINE CAN BE TERMED AS SPECIFIED PROFESSIONAL.
WHERE SERVICE IS MOTIVE RATHER THAN A COMMERCIAL OR BUSINESS MOTIVE, IT IS A PROFESSION.
SEC 2(13 ) OF IT ACT DEFINES BUSINESS AS A TRADE,COMMERCE,MANUFACTURE OR ADVENTURE.
SEC 2(36)DEFINES PROFESSION TO INCLUDE VOCATION.
R.V.RAO
(MAINTAINING BOOKS OF ACCOUNTS),MEDICAL,LEGAL,ENGG,ARCHITECTURAL,ACCOUNTANCY,,TECH. CONSULTANCY,INTERIOR DECORATION AND OTHER NOTIFIED PROFESSIONS ARE SPECIFIED PROFESSIONS .
OTHERS ARE NON SPECIFIED PROFESSIONS.
PATHOLOGY IS A BRANCH OF MEDICINE .A PATHOLOGIST WHO IS PRACTICING IN A PARTICULAR BRANCH OF MEDICINE CAN BE TERMED AS SPECIFIED PROFESSIONAL.
WHERE SERVICE IS MOTIVE RATHER THAN A COMMERCIAL OR BUSINESS MOTIVE, IT IS A PROFESSION.
SEC 2(13 ) OF IT ACT DEFINES BUSINESS AS A TRADE,COMMERCE,MANUFACTURE OR ADVENTURE.
SEC 2(36)DEFINES PROFESSION TO INCLUDE VOCATION.
R.V.RAO
01 March 2008
RUNNING A PATHOLOGY LABORATARY IS A PROFESSION
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