Can doctors file return under section 44ad

Save Share

This query is : Resolved

vishnu (Querist)

19 May 2016 Dear Experts ,
i want to know if a doctor who is getting profession fees (Part timer) from hospital & he also practice in his clinic
get total Rs 12 lacs . can he file his return ITR 4S under section 44AD

Thanks in Advance

Message likes : 1 times

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)

19 May 2016 No, Those who are who are carrying on profession of legal, medical, engineering, architectural, accountancy, technical consultancy, interior decoration, an authorized representative, film artist, company secretary and information technology, they can not file ITR 4S

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

Note : If you find our reply useful. Please Score us by clicking on "THANK USER"

Message likes : 8 times

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

19 May 2016 Professional like doctors is covered under section 44AA, so they are not eligible to file ITR u/s 44ad. Professional income exceeding Rs.25 lakh will come under tax audit purview.

Amol S Joglekar

Amol S Joglekar (Expert)

20 May 2016 The new amendment in Finance Bill 2016, gives an opportunity for professionals having gross receipts upto 50 lakh, to go by presumtive taxation. The profit shall be deemed to be 50% of the gross receipts......and then no books of acounts are asked for,

Message likes : 1 times

Rupesh Jain

Rupesh Jain (Expert)

20 May 2016 in f y 2015-16 not applicable , new section 44ADA applicable from next financial year.
now you have to file
form-4 under maintainance of books of account u/s 44AA.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now