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Estimation of income for hospitals

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(Querist)
16 August 2018 For presumptive calculation of hospitals we should take 8% or 50% of total turnover as income
please advise

Thanks in advance sir
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Rajkishore Paul

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Rajkishore Paul (Expert)
16 August 2018 If your income is less than Rs. 50 Lakhs then you can opt for Presumptive Income. and You can assume your profits to be 50% of your receipts/turnover.

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