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Business or profession

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 May 2016 Clinical Lab Running by Qualified person is treated as Business or Profession, if profession is maintenance of book of account is compulsory
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Abhishek Ranjan Singh

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Abhishek Ranjan Singh (Expert)
04 May 2016 As a professional Income. maintenance of book of account depends on turnover.

Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615

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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 May 2016 1. It is a non-specified PROFESSION.

2. No need to maintain books of accounts if income is not > 1.20 lacs OR turnover is not > 10 lacs .
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