Computer diagnostics laboratory and xray


(Querist)
19 May 2019
SIR,

LAB AND XRAY IN ITR FORM 4 AS 44 ADA,

SO, WE NEED TO DECLARE 50% OF GROSS RECEIPTS AS INCOME RIGHT?



RAJA P M (Expert)


Click to Talk 20 May 2019
Yes.... You are right if the Technician is a certificate oriented person.

CA R SEETHARAMAN (Expert)


Click to Talk 20 May 2019
44ADA not applicable for diagnostic lab and x ray. 44AD applicable if turnover is less than 2 crore.

MURALIDOSS (Querist)
20 May 2019
my case is only 10 lakhs gross receipts, but in itr form the business code for diagnostics is only in 44ada sir, so , what income need to disclose as net income sir, 8% of receipts or 50% of receipts?



CA R SEETHARAMAN (Expert)


Click to Talk 20 May 2019
What is your actual net income and are you a doctor.
Are you earning 50% profit on turnover.

MURALIDOSS (Querist)
20 May 2019
Sir,
He was a private laboratory runner, the name of the properitor is not a technician, but his wife as a technician . For IT purpose only he wants to file return , last year his income is only 385000/- and also turnover declared only 7.4 lakhs.



CA R SEETHARAMAN (Expert)


Click to Talk 20 May 2019
Then it will fall under business, 44AD only applicable, declare 8% profit or more.

MURALIDOSS (Querist)
20 May 2019
O.K THANKS SIR,
BUT BUSINESS CODE WHICH ONE CAN SELECT SIR?

CA R SEETHARAMAN (Expert)


Click to Talk 20 May 2019
Select diagnostic center 18004

RAJA P M (Expert)


Click to Talk 20 May 2019
Sir.,
Lab & Diagnostic person is Ceritified then he fall under professional nature.

CA R SEETHARAMAN (Expert)


Click to Talk 20 May 2019
The operator of the lab is not technician see the above reply. He should be professional defined under section 44ADA. Technician not a professional as per 44ADA.


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