Doctor can file return u\s 44ad

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ANKIT GOR (Querist)
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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

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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.

ANKIT GOR

ANKIT GOR (Querist)
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14 May 2012 Thanks
Sir

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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15 May 2012 You are welcome. You should use the thanks button to convey your thanks.

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