Deduction to doctors in respect of cut fees
This query is : Resolved
13 June 2012
The doctor pays to other doctors a commission for reference given by that doctor.i want to know under which section it is deductible.the relevant case law if available.
14 June 2012
Section 37(1) of the Income Tax Act.
13 July 2012
Sir relevant case law if any
13 July 2012
There is no need for a case law.
Section 37(1) is a general section that provides for deduction of expenditure incurred WHOLLY AND EXCLUSIVELY for business.
It should not be a capital expenditure.
Section 37(1) is a general section that provides for deduction of expenditure incurred WHOLLY AND EXCLUSIVELY for business.
It should not be a capital expenditure.
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16 July 2012
sir
Should it b treated as professional fees? and provisions on section 194j will b attracted?
Should it b treated as professional fees? and provisions on section 194j will b attracted?
17 July 2012
Yes you should treat it as professional fees and deduct TDS u/s 194J.
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