Doctor can file return u\s 44ad
This query is : Resolved
13 May 2012
Once again i have need for your help.
I have client who is practicing at Local Small Dispensary at local area.
He has Rs.595000/- Yearly Fee Receipt and Net
Income After Deducting expenses Rs.265000/-
The Question is arise that I can file the IT Return u\s 44AD presumptive scheme.
Thanx For your Support
ANKIT GOR
I have client who is practicing at Local Small Dispensary at local area.
He has Rs.595000/- Yearly Fee Receipt and Net
Income After Deducting expenses Rs.265000/-
The Question is arise that I can file the IT Return u\s 44AD presumptive scheme.
Thanx For your Support
ANKIT GOR
14 May 2012
PROFESSIONALS cannot avail benefit of Section 44AD.
Accordingly, a doctor CANNOT declare income u/s 44AD.
He will have to file ITR 4. He will have to maintain books of accounts, but he is NOT liable to tax audit.
Accordingly, a doctor CANNOT declare income u/s 44AD.
He will have to file ITR 4. He will have to maintain books of accounts, but he is NOT liable to tax audit.
15 May 2012
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