Doctor- receives profesional fee- tds u/s 194h & 194j- a/cs?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2012
SN is a doctor and recieves salary and he also visits few nursing homes in the city and receives professional fee and those Nursing homes made TDS u/s 194H AND some u/s 194J.
That professional fee amounts to Rs.50,000/-. Is he under obligation to maintain books of accounts being professional.?
OR
CAN he show this under head IFOS?
He did not maitain accounts.
Doctor asks me to show entire receipts of Rs.50,000/- as profit if a/cs are compulsory. But i am not convinced.
Please advise me as i have to file his return of income.
That professional fee amounts to Rs.50,000/-. Is he under obligation to maintain books of accounts being professional.?
OR
CAN he show this under head IFOS?
He did not maitain accounts.
Doctor asks me to show entire receipts of Rs.50,000/- as profit if a/cs are compulsory. But i am not convinced.
Please advise me as i have to file his return of income.
05 January 2012
According to Section 44AA, he is supposed to maintain Books of Account. He is a professional. You may Refer Section 44A(1).
Message likes :
1 times
08 August 2012
Sir,
This is a similar query. If the doctor SN did not maintain his accounts during the previous year:
1. can he still file a return under "No account case" in BS and PL schedule?
2. can he claim depreciation for the car he used for travel if he files under "No account case"?
Please suggest a way out since i need to file his it return.
Thanks
This is a similar query. If the doctor SN did not maintain his accounts during the previous year:
1. can he still file a return under "No account case" in BS and PL schedule?
2. can he claim depreciation for the car he used for travel if he files under "No account case"?
Please suggest a way out since i need to file his it return.
Thanks
10 August 2012
As per law the Books of account are required to be maintained. It will not be appropriate to file his return under no account case. As in the nature of business you have to specify as "Medical Professional", and the law has provided a limited exclusion, so I do not advise to file the return in no account case.
.
.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- TDS on TRUST
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- Putting a heading on received mail
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
