Gross Receipt of Doctors
This query is : Resolved
23 May 2011
Whether Incomes of Doctor now assessable under section 44 AD if Gross Receipt below 60 lakhs ? I found this somewhere, and me not sure on this as Doctors' Gross Receipt is professional and not business income. Please help me out.
23 May 2011
Doctors' Gross Receipt is professional and not business income and so tax audit limit is Rs. 15 lakhs.
23 May 2011
Section 44AD is a special provision for computing profits and gains of business.The income of a doctor, unless he/ she is running a nursing home / hospital of his /her own,is income from profession and hence provisions of section 44AD will not apply.
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30 May 2011
thanx a lot sir...... actually.. i found this information on a site.........neway thanks for clarification........
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