Fees collections income for hospital (AoP)
This query is : Resolved
Kollipara Sundaraiah
(Querist)
09 March 2022
Sir,
Fees collections income rs:25 lacs in hospital (A0P) registered f.y.21-22.
Question:
1.AOP registered person sec 44ada 50 precent profit provision eligible in it act
2.tax calculation normal slab rates applicable
3.fees collections income show procedure in accounting books.
Fees collections income rs:25 lacs in hospital (A0P) registered f.y.21-22.
Question:
1.AOP registered person sec 44ada 50 precent profit provision eligible in it act
2.tax calculation normal slab rates applicable
3.fees collections income show procedure in accounting books.
CA R SEETHARAMAN
(Expert)
09 March 2022
1 44ADA not applicable for hospital.
2 Normal slab rate applicable in case members of AOP not having taxable income.
3 Show it as service receipt.
2 Normal slab rate applicable in case members of AOP not having taxable income.
3 Show it as service receipt.
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